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The UWI’s Revenue Revolution strategy approved and set to take effect

uwi strategy
The UWI’s Revenue Revolution strategy approved and set to take effect

The UWI Regional Headquarters, Jamaica W.I. Friday, August 12, 2022—Ushered by the success of the regional university’s soaring reputation over the past five years, the 2022-2027 strategic direction for The University of the West Indies (The UWI) has been approved.  Dubbed the ‘Revenue Revolution’, this second phase of The UWI Triple A Strategy was given the green light by the University Council during a special meeting of its members held on July 29 and is set to take effect from the start of the upcoming academic year. 

According to Vice-Chancellor of The UWI, Professor Sir Hilary Beckles, “The University’s leadership is confident in the Triple A Strategy’s continued success. As we pursue this next critical strategic cycle, the Revenue Revolution, we look forward to the continued partnership of our UWI community including Caribbean governments, regional and international corporations, and development partners.” 

Under the leadership of Vice-Chancellor Beckles, The UWI’s strategic plan is formulated as a ten-year strategy, compartmentalised into two, five-year phases. It is themed the Triple A Strategy because of its focus on widening Access to quality tertiary education, Alignment of the University with academic-industry partnerships relevant to the region’s needs, and improved Agility through global connections and initiatives. 

The first phase, The Reputation Revolution mobilised from 2017-2022 focused on building The UWI’s global reputation and led to The UWI steadily advancing to the top tier of Times Higher Education’s global universities rankings. This achievement set in place all the vital elements needed for the second phase, The Reputation Revolution centred now on the conversion of The UWI’s reputational value into much-needed revenue to stabilise the University and improve its financial health as well as the leveraging of digital transformation.

Vice-Chancellor Beckles notes a specific and significant target for 2022-2027: “One of our major objectives in this strategic cycle is to utilise the resources and capabilities of the institution to earn a net of US$250million over the next five years. To achieve this, we will monetise our strong international reputation by expanding our educational goods and services to a global market.”

 

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About The University of the West Indies

The UWI has been and continues to be a pivotal force in every aspect of Caribbean development; residing at the centre of all efforts to improve the well-being of people across the region.

From a university college of London in Jamaica with 33 medical students in 1948, The UWI is today an internationally respected, global university with near 50,000 students and five campuses: Mona in Jamaica, St. Augustine in Trinidad and Tobago, Cave Hill in Barbados, Five Islands in Antigua and Barbuda and its Open Campus, and 10 global centres in partnership with universities in North America, Latin America, Asia, Africa and Europe.

The UWI offers over 800 certificate, diploma, undergraduate and postgraduate degree options in Culture, Creative and Performing Arts, Food and Agriculture, Engineering, Humanities and Education, Law, Medical Sciences, Science and Technology, Social Sciences, and Sport. As the Caribbean’s leading university, it possesses the largest pool of Caribbean intellect and expertise committed to confronting the critical issues of our region and wider world.

The UWI has been consistently ranked among the top universities globally by the most reputable ranking agency, Times Higher Education (THE). In the latest World University Rankings 2022, released in September 2021, The UWI moved up an impressive 94 places from last year. In the current global field of some 30,000 universities and elite research institutes, The UWI stands among the top 1.5%.

The UWI is the only Caribbean-based university to make the prestigious lists since its debut in the rankings in 2018. In addition to its leading position in the Caribbean, it is also in the top 25 for Latin America and the Caribbean and the top 100 global Golden Age universities (between 50 and 80 years old).  The UWI is also featured among the leading universities on THE’s Impact Rankings for its response to the world’s biggest concerns, outlined in the 17 United Nations Sustainable Development Goals (SDGs), including Good Health and Wellbeing; Gender Equality and Climate Action.

For more, visit www.uwi.edu.

(Please note that the proper name of the university is The University of the West Indies, inclusive of the “The”, hence The UWI.)