Our partnership with the Conservatoire in Cardiff focused on supporting them with strategic advice to enable them to move towards their long-term objective to become an independent institution. Currently part of the University of South Wales, the College wanted an evaluation of the different options available to them and recommendations on how best to improve their current operations in order to be in the best possible position to move to financial independence.
Our work was multi-faceted and included:
- Financial analysis in preparation for, and support with, funding negotiations with HEFCW; financial planning support to contribute to current budgeting plans and future bids
- Research and analysis of potential areas of growth for the College, including specific subject areas and alternative forms of income
- Review of their fundraising services
- Review of their internal structure and identification of potential gaps in professional services should the College become independent from the University.
Outcomes
- Clear priorities for portfolio investment based on evidenced market data and insight
- Greatly improved relationship with HEFCW and an ‘open door’ to further discussions
- An ‘agreement in principle’ with the parent University for the College to continue to move towards independence
- A framework for independent professional services within the College.
“Halpin listened to our needs and brought an excellent team together with the right expertise to assist the College in its next stage of development.” – Scott Allin, Vice-Principal (Resources), Royal Welsh College of Music & Drama