Transformative phase set to shape IMechE's trajectory for years to come

The Institution of Mechanical Engineers is undergoing a transformative phase, ensuring long-term financial stability and positioning itself for a future of innovation and excellence. In my year as president, we have focused on streamlining our operations, investing in digital advancements and making strategic decisions that will shape IMechE’s trajectory for years to come.

Strengthening financial stability

One of the key priorities for IMechE is securing financial sustainability. Significant steps have already been taken, including the sale of our two trading businesses, IMechE Argyll Ruane and Sonaspection, following a strategic review.

In line with these efforts, a thorough evaluation of operating costs is being conducted. By identifying areas for significant savings, the Institution aims to optimise resources while maintaining the high standards of service and support it provides to members.

A headquarters fit for the future

I would like to thank all our members who attended the special meeting in January and took part in the vote about our headquarters building. With 83% of members who took part voting in favour of the resolution, we can now move to the next phase. I would encourage all members to continue to engage with the HQ programme, which is instrumental in reaching a solution to ensure that our headquarters remain fit for the future.

Driving efficiency and digital transformation

Efficiency and strategic alignment remain at the heart of IMechE’s operations. A significant reshaping of the finance function is under way, with a focus on streamlining internal processes and improving operational effectiveness. The Institution is also exploring new ways of working to enhance productivity and deliver on its core purpose more effectively.

As part of its forward-thinking approach, IMechE continues to invest in digital transformation. This commitment includes a comprehensive review of its operating model to ensure that members benefit from cutting-edge tools, seamless services and improved accessibility to the Institution’s vast resources.

Enhancing transparency and communication

In a move toward greater transparency and improved reporting, IMechE has changed the date of the publication of this year's annual report to September. This is to accommodate the increasingly complex auditing process, which is faced by many organisations.

Looking ahead

I have had some notable opportunities to engage with members during my presidency and know there are some exciting events in my diary for the remainder of my term.

I was pleased to attend the Formula Student and Railway Challenges where it was inspiring to see the students’ enthusiasm and innovation. Overall, it was a record year for participants at our Student Challenges.

I would like to express my gratitude for the encouragement and collaboration of members, and look forward to working together for the remainder of my term.

The path ahead is one of progress, resilience and innovation. With a clear vision and decisive action, IMechE is poised to build a stronger, more sustainable future – one that upholds the proud legacy of mechanical engineering while embracing the opportunities of tomorrow.