We also worked with the sector to develop guidance on effective financial management. These two guides should support governors and senior managers in devising governance and management arrangements that best suit their institution. Helping institutions to manage change We normally moderate any changes in the rates of funding for teaching and research, so that institutions can plan ahead and manage the change. To encourage effective forward planning, we analyse institutions' strategies and financial forecasts. If these are not realistic and achievable, we require institutions to make alterations or contingency plans.
Some special funding takes account of the quality and content of institutional plans.
Additional grants are available, through a restructuring fund, for major strategic change.