The plan will deliver on the priorities members have identified in successive satisfaction surveys as well as maintaining the solid financial position. The Council recognised the significant progress that has been made influencing governments across the world to place sustainable engineering solutions that the heart of their policies. Building on this progress, investment will focus on growing the thought leadership programme to ensure that members are able to shape political agendas and be part of an institution with enhanced public status.
The plan will also ensure that members can access more of the knowledge and support they need at all stages of their careers, including committing resources to attracting the next generation to our profession through the ICE Education & Inspiration programme. All of this will be underpinned by further expansion of the digital offering and international presence so that the ICE's increasing range of products and services can be accessed when and where they are most needed.
From a financial perspective the Council acknowledged the need to ensure that the Institution remains on a firm financial footing, including building financial reserves and managing outstanding liabilities including the ICE pension fund. Running costs have been reduced through improved processes and efficiencies and that drive to cut costs continues. Thomas Telford Ltd, the ICE's trading arm, has continued to support the Institution's membership activities by gifting its entire profit, which last year was over £3M, to the Institution.
The Council considered the impact of projected inflation, earnings forecasts and planned improvements that are needed to raise both the profile of civil engineers across the world and to improve the quality of the knowledge offered to members.
After much debate Council proposed a 3.0% increase in 2018 annual subscriptions, transfer and entrance fees. The proposed increase would equate to an additional £11.50 per year for UK based Fellows at the highest end of the scale, £8.75 for Members and £5.75 for Graduate Members.
In line with ICE by-laws members will be balloted on the proposal. Council strongly recommended acceptance of the proposed subscription rate. Members shall be able to vote on the proposal between 1 June and 11 July. Voting papers shall be issued next month to all members either electronically or by post depending on the preference members have selected.