Our five-year financial plan underpins our Strategy and Business Plan: our vision is for a longterm resilient and sustainable business model.

 Birmingham Museums Trust will continue to rely on the service level agreement we have with Birmingham City Council and the funding we receive to provide museum services. We will also continue to rely on valued supporters, trusts, foundations and grant giving bodies including Arts Council England (ACE).

We will lay the foundations to ensure a resilient financial future for our civic museums by:

• Creating a robust operating model which allows us to deliver on our ambitions and goals without jeopardising our future.
• Setting out a clear rhythm for financial planning and due process that meets the needs of the organisation and our stakeholders.
• Reporting that allows us to understand the impact of change and informs our long-term decision-making processes based on accurate data and insight.

We will grow our earned and contributed income ensuring that the needs of Birmingham citizens are at the heart of what we do. Our long term ambition is to:

• Continue to grow the percentage of our revenue which is selfgenerated, growing each of these prime revenue streams is a critical tenet of our business strategy.
• Establish and optimise our commercial trading activities to generate consistent business growth and surpluses from a mixed portfolio of income streams to de-risk Birmingham Museums Trust’s overall financial position.
• Implement our five-year fundraising strategy to grow income from fundraising for revenue, priority projects and significant capital projects.

Our strategy and business plan

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The development of the strategy was made possible with the support of The National Lottery Heritage Fund, with thanks to National Lottery players.