The RIBA has increased its annual members’ fee from £383 to £393
The £10 rise follows last summer’s decision by Portland Place chiefs to smash a four year-long price freeze with a sharp 3.5 per cent increase (see AJ 22.06.2012).
The RIBA has recently struggled to balance its books, having announced a £300k deficit in its 2012 annual report.
Yesterday’s decision at RIBA Council affects 2014 subscriptions for full chartered membership.
To reduce the impact on struggling members the 2.7 per cent increase was paired with a rise in the annual income entitlement threshold for reduced subscriptions from £15,000 to £20,000.
Nigel Ostime of whiteroom architecture said: ‘If you compare it to the ARB price rise [from £98.50 to £105] which is significantly inflated, a price rise in relation to the consumer price index seems pretty understandable.
‘But ultimately what we all want to do is derive value from the institute for architects and in the built environment it comes down to value as much as cost. That appears to be in the mind of the president to help architects demonstrate value and if that helps them win work it can only be a good thing.’
The announcement coincided with fresh data showing a fall in RIBA membership.
The total current number of institute members is now 39,148 compared to 40,481 in September 2012.
Total subscriptions paid for the 2013 membership year were however 39,938 - netting £6.9 million for the institute.
Around eight percent of RIBA chartered members are now paying reduced ‘hardship’ subscription rates compared to 5.8 per cent this time last year.
RIBA members dealt 2.7% fee hike