Improving the world through engineeringwww.imeche.orgImproving the world through engineering Strategic Objectives SO1 Diversify and grow professional membership in UK and internationally SO2 Increase member engagement and value to members and their employers SO3 Provide expert leadership to Government, Industry, Members and the informed public on Engineering SO4 Develop awareness of engineering and profile of the IMechE SO5 Inspire young people about engineering SO6 Secure long-term financial position

Improving the world through engineeringwww.imeche.orgImproving the world through engineering SO Budget 3 years5 years/beyond Strategic objective Target for next year's budget Achievable medium term goal Aspirational Diversify and grow professional membership in UK and internationally Achieve a long-term sustainable membership base through continuous growth Achieve 2% growth in net paying members. Gender diversity trending with profession. Achieve 5% sustainable growth of net paying members One of top 3 leaders in a more effective engineering community. Leading the PEI benchmarks Grow the International Membership Full deployment of the ISB election model for new International registrants. 5% growth in new paying members. Commence new strategy for international development India achieves Franchise status More regions achieve state of self-sustaining membership growth with local staff “UK-centred Institution, internationally valued” = 50% international membership High standards of professional registration, with best in class application processes Successful EC mid term review. Develop improved further learning programme. Launch best-in-class on-line application and career- development tools. Provision of further learning routes for progression through all classes of membership Top-class EC rating from five yearly review Achieve significant accelerated growth of Eng Tech members and be one of the 3 leading PEIs for that community Full commitment to joint PEI Eng Tech Project with ICE and IET. Retention of EngTech’s in line with other levels of registration. Sustainable 10% growth in Eng Techs Achieve 30,000 EngTech members

Improving the world through engineeringwww.imeche.orgImproving the world through engineering SO Budget 3 years5 years/beyond Strategic objectiveTarget for next year's budget Achievable medium term goalAspirational Increase member engagement and value to members and their employers Create and deliver an international Learned Society programme suite (including digital offerings) relevant to members, industry, employers, academia and informed society with emphasis on Engineering Launch of full KT multi channel proposition 10% increase in member interactions. Greater promotion and usage of PE on-line through imeche.org Enhancement of mobile and tablet digital experience KT launched Internationally. 10% increase pa in the number of delegates participating in or interacting with our Learned Society programmes and continuous improvement in member survey results. Engineering Institution of Choice for learned society interaction. Improve the value proposition to employers Introduce tailored CPD programmes for key employers. Deliver training and improved mentoring offer. Increase learning and development programme for employers for both mid-career and graduate development. Improve knowledge transfer value from the D+Gs to wider employers. Achieve 10% growth in international learning and development services. Distinct KT proposition for Employers, deployed across a number of key sectors that includes integrated technical L&D offerings Sector market leader in membership services. World class central London Venue. To be seen as encouraging innovation for employers. To consolidate the PEI landscape to reflect the needs of employers Explore one joint initiative with another PEI to the benefit of a major employer or engineering sector Consolidation through collaboration of the PEI landscape Widening the scope of mechanical engineering to achieve a broader appeal to a wide range of technologies Make the Learned Society relevant to EngTech Increase the interaction of these members though new events and offerings Optimise the Technician offering across every significant member benefit PEI of choice for Eng Tech

Improving the world through engineeringwww.imeche.orgImproving the world through engineering SO Budget 3 years 5 years/beyond Strategic objectiveTarget for next year's budget Achievable medium term goal Aspirational Provide Expert leadership to Government, Industry, Members and the informed public on Engineering Campaign to increase the supply side of UK engineers Achieve improvement in government support to careers advice to schools Coordinated and coherent careers advice services available to all schools, parents and teachers Closing the skills gap in Mechanical engineering. Supply of professional engineers = demand Setting the agenda with practical advice to Government, Members and the informed public 50% increase in theme content output and consultation responses to governments. 20% increase in enquiries and engagement activity from government Maintain the status of most respected engineering institution, known for quality advice and a campaigning stance The Institution has the credibility, relevance and awareness to set the agenda in appropriate national policy Campaign, support and promote innovation in Engineering Deliver new Knowledge Transfer and PR initiative for innovation in Division and Group Knowledge Transfer programme. IMechE seen as significant body for innovation in engineering Leader in Innovation promotion and provision of expertise Collaboration with other Institutions and organisations to achieve greater engineering gravitas and financial impetus Take a leading role in government support through Engineering the Future and E4E. Initiate new collaborative ventures with other relevant think tanks and IET. Use status as a campaigning brand to challenge weak ‘consensus thinking’ and ineffectual partnerships – act as a leader and true champion Respected as one of the leaders in a simplified and more effective engineering community

Improving the world through engineeringwww.imeche.orgImproving the world through engineering SO Budget 3 years 5 years/beyond Strategic objective Target for next year's budget Achievable medium term goal Aspirational Develop awareness of engineering and profile of the IMechE Promote the Institution: - A campaigning Institution - Increase non-member reach - Generate interesting media content using D&Gs and expert members - A well known respected Institution Increase media coverage in the UK and worldwide to £25M AVE. Deliver 2 public conferences on topical or societal issues. Increase public profile through use of D+G expert members. To become sector leader in brand awareness as a professional engineering institution The most internationally Recognised and accredited UK Engineering Institution. Create a respected public profile centred on key themes of Energy, Environment, Manufacturing and Transport. 50% increase in outward facing pro- active theme content delivered across a balanced portfolio with increased multi-media engagement Be seen as setting the agenda as much as responding to it To be the engineering body of choice for media quotes and reports. IMechE branded theme projects seen as the leaders in the field Broaden the appeal and importance of Engineering to Society & employers Deliver ‘Engineering in Society’ content programme, engaging employers, education providers, commentators and the media. Upgrade use of prizes and awards to recognise good engineering, not just good people. Increase links between business and the profession Engineering seen as strategic driver of society worldwide

Improving the world through engineeringwww.imeche.orgImproving the world through engineering SO Budget3 years5 years/beyond Strategic objectiveTarget for next year's budget Achievable medium term goal Aspirational Inspire young people about engineering Provide intellectual leadership in STEM education and training policy Deliver project to encourage post-16 students to seek EngTech and IEng registration. Leading Institution in E4E collaboration Leading institution in E4E, as most respected and influential body on STEM education policy. Recognised as the leading national and international influence in STEM education and training for mechanical engineering Provide educational outreach programmes which engage members and future members Increase the reach and breadth of the Bloodhound project through enhanced Ambassador programme. Deliver significant improvement to STEM enrichment programmes in schools either through Tomorrow's Engineers or collaborative match-funded ventures with other institutions Bloodhound legacy a major element of STEM outreach in schools. An effective framework of collaborative and coordinated outreach activity in place in schools both nationally and internationally. An effective, collaborative framework of rationalised, co-ordinated outreach in schools. Standard bearer in STEM outreach. Provide clear advice services on Engineering to schools Provide uplift in careers advice and routes to registration in collaboration with Engineering UK Sustainable uplift in entrants to mechanical engineering courses at HE and FE Outstanding careers advice on Mechanical Engineering available to all schools, both nationally and internationally, enabling supply to equal future demand

Improving the world through engineeringwww.imeche.orgImproving the world through engineering SO Budget3 years5 years/beyond Strategic objectiveTarget for next year's budget Achievable medium term goal Aspirational Secure long term financial position Real financial growth to support long-term Learned Society strategy Deliver approved plan for sustainable future of London HQ and long-term improvement in services to members Embed new acquisitions. Achieve budget surplus Replace Sage revenue £2M with new businesses. Agree long-term financial strategy in place delivering significant uplift in services to members and their employers, nationally and internationally. Maintain reserves equivalent to 12 months expenses. Remove financial burden of pension scheme. Achieved substantial financial growth to fund extensive LS activities Deliver a growing Learned Society budget each year Deliver 10% growth in D+G revenueGrow LS budget in line with affordability Ensure that every £1 of fee income is invested in communications and LS Increase profit stream from commercial activities to reduce reliance on any one source invest in new acquisition. Implement innovation investment. Set up international commercial office Engineering Intelligence operationsRevenue profile 1/3 Subs, 1/3 Commercial, 1/3 Other (events, training, rents conferences etc), Reducing sensitivity to subscriptions through viable commercial ventures. Be an attractive employerIntegrate new acquisition personnel. Improve staff satisfaction and maintain staff turnover under 20% Put full diversity plan in place. Top quartile in employee satisfaction survey ratings Listed in best employer league table