5
Corporate Development Strategy
College
Initiative
Initiative
Outcome
Measure
Description
Target to
2020
2019-20 Outturn;
(2018-19 Outturn)
RAG
Industry
Academy
4.0
Secure
sustainable
income
streams
Commercial
Income
(Business
Development)
£4.0m
p.a.
(£3.0m)* Impacted by COVID-19
(£4.3m)
Further
develop
industry
academies
aligned to key
economic
growth sectors 25 new
academies
p.a.
N/A activity since March 2020
(2 new academies)
Position CoGC
as a strategic
partner locally,
nationally and
internationally
150 new
partners
p.a.
167 new partner - 33 FWDF
(58 new partners - 65 FWDF)
City
Hubs
Embed a
culture of
research and
innovation
across the
college
No of
publications
where the
College is
mentioned as
a centre of
excellence for
research and
innovation
40
42 Online & Print
(34)
Commercial
income
£650k p.a.
£979,017 total projects - £689,371 will carry over
to 2020/21
(£365k)
Promote the
College as a
centre of
excellence
and as a place
of choice for
local, national
and
international
conferences,
training and
events
Number of
significant
events
12
12 - up until March 2020
(11)
Commercial
Income
£100k p.a.
(£36,370.60)
Comment: Income fell in this area as, in addition
to COVID stopping all events/external lets, there
has been an increased use of College space,
including conference areas, by departments.
Priority has always been given to
Faculties/departments over space utilization.
(£48,243.52)
Promote state
of the art retail
outlets and
embed
enterprise
opportunities
for
stakeholders
Commercial
Income
£400k p.a.
(£90k p.a.)
Total: £178,089 (£218,697)
Bistro - £59,238 (£75,103)
Scholars - £43,220 (£55,892)
Bakery- £67,186 (£65,834)
Amethyst Salon - £8,445 (£21,867)
Note: Covid clearly had a negative impact on this
activity, closing all areas from March 2020.
However areas were on course for exceeding the