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Institute gets ready for one-off spending spree

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The institute awarded itself an increase of 12 per cent on its annual budget, raising it by £686,000 and allowing it to increase expenditure on communications, internal development and sustainability projects. It achieved this by allowing itself a one-year holiday from adding to its reserves. Past president David Rock warned that this showed 'a lack of wisdom' and said he would keep his fingers crossed, but other members concurred with treasurer Colin James' analysis that this was an acceptable balance of 'short-term risk with long-term benefit'.

Improvement in outward communications will receive £191,000 of new expenditure, with two-thirds of this going to the proposed 'corporate identity ad-branding'. Money would also go to strengthening of parliamentary liaison and of the press office, to new branch leaflets and to Architecture Week. Some £159,000 goes to improvements in inward communication, £40,000 to an attempt to boost international membership, and £75,000 to sustainability projects. However there is still a waiting list of projects on which more money will be spent if it becomes available. Top priority are library conservation, conversion of the library catalogue to on-line, and educational initiatives overseas.

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