Appendix C: Summary of protocol for proposed major developments

The proposal should be supported by a business plan for five years which sets out:

• A demonstration of the proposal’s consistency with the strategic plans approved by Council and with the University’s powers under current legislation;
• Details of the market need and the assumptions (based on reference data) of the level of business available;
• Details of the business and what product or service will be delivered;
• An outline plan for promoting the business to the identified market and achieving planned levels of business;
• Details of the staff required to deliver, promote and manage the business, together with any re-skilling or recruitment issues;
• Details of any premises and other resources required;
• A financial evaluation of the proposal together with its impact on revenue and surplus, plus advice on the impact of possible alternative
• Plans and sensitivity analyses in respect of key assumptions;
• Contingency plans for managing adverse sensitivities;
• Consideration of taxation and other legislative or regulatory issues;
• A five-year financial forecast for the proposal including a cash flow forecast and details of the impact on the University’s cash flow forecast for the financial years in question.