Swansea University Estates Strategy

7. STRATEGY DEVELOPMENTSwansea University has worked with the Higher Education Funding Council for Wales (HEFCW) to prepare an Estate Strategy which will be used as anexemplar for the sector. The strategy period of six years is in line with two HEFCW strategic planning periods. In accordance with Funding Council advice,the strategy was developed through the following stages:• Reviewing the University’s strategic objectives, priorities identified in consultations and likely future changes to legislative and funding requirements to assess their broadimplications for the estate.• Reviewing and benchmarking the performance of the existing estate.• Analysing the gap between performance of the estate and what is needed to secure the University’s objectives and to deliver a fit for purpose estate.• Developing a series of options to meet future needs and deciding which option would be the best basis for the strategy in the light of factors such as quality, cost and feasibility.• Setting out the key elements of the strategy and its implementation plan.The links between the stages are shown in Figure 5 below.Estate Strategy development processFigure: 5Strategic driversand prioritiesAnalysis of future needsIdentification and evaluationof potential optionsStrategy andimplementation planPerformance assessmentof the existing estate17