Tag Archives: News

Half-yearly result shows steady financial performance for UC

Thank you to all staff for your sustained effort in recruiting and retaining students, for the ongoing commitment to world-class excellence and research and the extraordinary work undertaken to transform both the physical campus and our services.

The University of Canterbury (UC) is continuing to show steady financial performance, the six-monthly result to the end of June 2018 shows.

UC has advanced its growth strategy, starting the academic year with a big increase in new-to-UC students and receiving a further boost with a 22% increase in mid-year enrolments.

Our aim is to continue to grow the number of students coming to the University and staying in Canterbury, to increase research efforts and academic and technical job opportunities, and to collaborate with institutions in the region.

In the last year, UC was the fastest growing New Zealand university, attracting record numbers of students from Auckland and Wellington, as well as students and researchers from around the country and the world.

In the last 12 months we have had a record number of postgraduate students, including over 1,000 doctoral students. UC also achieved a record level of research income, hosted the greatest number of academic visitors in our history and attracted record levels of philanthropic support for scholarships and research.

Emerging from the difficult post-quake environment, UC has learnt much in the past eight years. It has a deep understanding of how to respond to a crisis, it is much more open to collaboration, and it has developed tools to manage with constrained resources.

The six-monthly result to the end of June 2018 shows continued steady financial performance as the University competes strongly in the commercial environment of student recruitment locally and globally, while investing in exciting new, state-of-the-art facilities.

UC is completing over $1.1 billion of capital investment, largely in research and teaching infrastructure to support 21st century science and engineering, new business models and digital technologies.

The College of Science’s new five-storey Ernest Rutherford building and the College of Engineering’s state-of-the-art facilities are now fully open, while the University is completing the Rehua building for the College of Education, Health and Human Development, the MBA and Business Taught Masters Programmes and the Centre of Entrepreneurship led by the College of Business and Law, and Haere-roa, the new University of Canterbury Students’ Association (UCSA) building.

The University’s $5 million surplus represents the result of operations to 30 June 2018, which is not representative of the full year where the cycle of earnings is annual. The majority of student-related earnings are made in the first half of the financial year.  The current projection for the 31 December 2018 annual result is a surplus of $5 million.

For the first half of 2018, UC recognised revenue of $191.4 million (compared to 2016’s half-yearly result of $185.4 million). By the year end, UC is projecting to have increased its Equivalent Full Time Student (EFTS) numbers over 2017 in both domestic and full-fee paying (international) new-to-UC students, and in student numbers overall.

Operating expenditure was $186.4 million in the same period (30 June 2017: $172.2 million). 

The University continues to maintain adequate cash balances, with total cash holdings at 30 June 2018 (defined as current and term deposits) $295.3 million (30 June 2017: $349.0 million; 31 December 2017: $252.6 million).  The University receives the significant majority of its operating cash revenue early in the year during its main enrolment period. These balances are almost entirely committed to funding the University’s capital investment plan and EFTS expansion initiatives.

Net tangible assets per security ($1,000 face value) as at 30 June 2018 were $27,488 (30 June 2017: $27,878; 31 December 2017: $27,359).

Ngā mihi,

Dr Rod Carr
Vice-Chancellor | Tumu Whakarae

NASA internships now open to New Zealand students

Under a new agreement between NASA and the Ministry for Business, Innovation and Employment (MBIE), tertiary students can now apply for internships with the space administration.

Scholarships will be available for up to four successful Aotearoa New Zealand students for NASA’s June 2019 intake, courtesy of the New Zealand Space Agency. Costs associated with the internship including travel, living costs and NASA’s administrative fees will be covered under the scholarship.

The successful students will attend the Ames Centre base for a 10-16 week internship in Silicon Valley. Under the guidance of a NASA mentor, they will also have the opportunity to build a network of contacts both within the space administration, the US and the pool of other international students taking part in the programme. 

This opportunity is for high-achieving Aotearoa New Zealand students to work with experts in space-related fields and have access to some of the world’s most advanced research facilities.

The scholarship aims to support Aotearoa New Zealand’s students studying space-related activities and will give our future innovators, entrepreneurs and scientists a head-start in their careers by enabling them to develop technical skills at a world-leading space agency. 

The internship will give students access to international professional networks and develop their understanding of the global space economy. 

The application process is two-phased with candidates first being selected by the New Zealand Space Agency.

Following selection by MBIE, local  finalists will be recommended to NASA who will then choose their overall finalists from the broader pool of 12 other countries.

Applications will be open from mid-September and close mid-October. 

For more, see www.mbie.govt.nz/nasa

First 150th Jubilee planning meeting this Friday

As the 150th Jubilee approaches in 2023 the University has identified that we need to have a co-ordinated strategic plan to realise the best outcomes for this celebration.  Initial discussion has been held with the Chancellor, SMT and representatives of UC Foundation.  A number of staff representatives have been put forward by colleges and service units.

Executive Director Student Services and Communications | Kaihautū Matua Ākonga me te Whakapā Lynn McClelland and I have asked Jo Dowling, Director of Alumni & UC Foundation to Chair the Steering Committee and approved a 0.2 FTE post to support the development of the 150 Jubilee Plan and co-ordination of activities.

  • The first meeting of the Steering Committee is taking place on 31 August 2018, 12:30pm in Okeover Room 101.  Interested staff in addition to the existing representatives are welcome to attend this initial meeting.

The initial timeline is to undertake consultation with various stakeholders within UC and also with the City (ChristchurchNZ, City Council, The Arts Centre for example) and to have developed a Strategic Plan with the key objectives of the Jubilee, a timeline and any resourcing requirements to be confirmed by the end of Q1, 2019.

There will be brief regular reporting to Council and within Intercom on progress.

Dr Rod Carr
Vice-Chancellor | Tumu Whakarae

Lincoln and Canterbury universities sign MOU

The University of Canterbury (UC) has a strong relationship with Lincoln University and a long history of working closely together and I welcome today’s joint announcement of a memorandum of understanding between the two universities designed to deliver benefits to both universities and to New Zealand as a whole.

Since Lincoln College became independent from the University of Canterbury in 1990, Lincoln University can be rightly proud of its academic history and integrity – in the latest QS international rankings it moved ahead of Massey University.

UC has sought to differentiate its focus, be transparent about its intentions in terms of scope, scale and timing, and build capability through collaboration rather than competition. UC’s ambition is to expand the number of students staying in Canterbury and coming to Canterbury, to increase research efforts and academic and technical job opportunities, and to collaborate with institutions already physically present in the region.

Strong, high quality, regional teaching and research is in the national interest, especially building on established complementary capabilities, such as in Science, Engineering and Business. We aim to continue to collaborate with enthusiasm on current and future endeavours with Lincoln University.

I will be forming a working group to collaborate with Lincoln University on furthering this initiative, with the ultimate goal of encouraging more people to study and research in Canterbury, increasing productivity and developing solutions to present and future technological, social and environmental challenges.

In tandem with this increased collaboration, we will continue to work on the new Kia Tōpū programme. Kia Tōpū is the University’s bold vision for an increased focus on research and teaching relevant to the future of food – with the ultimate goal of increasing UC’s contribution to feeding people in a sustainable way. This initiative will add significant value to healthy foods related research and teaching at a time when the future of food and new food sources are becoming increasingly relevant.

To view the joint statement, follow this link>