Structure & Governance
The New University-Herefordshire is being conceived as a not-for-profit institution, with mixed funding, and operating on The John Lewis Partnership model. The assets and endowments of the university will be held in trust by The New University Foundation.
The Foundation Board of Trustees will be, initially, comprised of nationally and internationally recognised educators and business leaders drawn from Herefordshire (one third) and from around the world. This group will have a 2-3 year mandate of designing and funding the university and identifying and retaining the initial executive leadership team.
With seed financing of £2-3 million, the Board will be tasked with securing £35-£50M in financing; integrating resources from the social capital market, private investment, public sector asset transfers, and industry sponsorships.
The New University will be working in close collaboration with Herefordshire College of Arts, Herefordshire College of Technology and the Royal National College for the Blind to ensure that Herefordshire is recognized as a national centre of excellence in education.