University's £70m investment plans

University bosses in Sunderland aim to invest £70m over the next five years and say they are in a strong position to emerge from the pandemic.

According to its annual report and financial statement, the University of Sunderland has grown student numbers, played a key role in helping in the pandemic recovery and vaccination programme, has plans to invest £70m over five years in facilities for both students and staff andisincreasingthenumber of overseas students.

Sir David Bell, vice-chancellor and chief executive of the university, said: “Once again,wehavedemonstrated that our finances are in good shape with an improving underlying surplus and betterthan ever cash generation.

"This is due to robust financial planning and forecasting,andcarefulmanagement of our costs. Pleasinglytoo,wehavewhichbuild on our recent track record of improvements,includingour highest-ever cash reserves.

"Student numbers are growing, new courses are being opened and we are investing £70m over five years in high-quality facilities for students and staff.”

University leaders say they are now in a strong position to emerge from the pandemic and, at the same time, maintain long-term financialsustainability. Sir David added: “I take great comfort in the fact that our success in 2020-21 has been the result of a collective endeavour, and a shared belief that the university is a great place in which to study and work. As we move into 2022, we are building on our richly deserved reputation for academic excellence, friendliness and constructive debate.”