Our future success is tied to our financial sustainability. And to be financially sustainable, we must create a viable financial model with a manageable cost structure, an adequate and reliable income stream and enough free cash flow to invest in the future.
A space for us all includes a financial plan with four inherent objectives:
Reduce the fixed cost base to balance the budget for the foreseeable future.
Set aside five per cent of commercial revenue to help manage financial risk, or to invest in strategic initiatives.
Reinvest in line with strategic priorities.
Diversify revenues and share risks through partnerships.