The MSI is a forward-looking, institution specific measure, which is intended to calculate the level of cash generation the institution requires for sustainability based on its own financial strategy and investment needs.
It was developed by the Financial Sustainability Strategy Group (FSSG) as an alternative basis for the economic adjustments previously used in TRAC: the Return for Financing and Investment and the Infrastructure Adjustment.
Development of the MSI
Prior to its launch in 2017, the MSI was piloted with the HE sector for several years and was tested extensively in order to develop a robust framework for implementation.
Information on the early development of the MSI can be found on the Assessing Sustainability pages, as the MSI and Annual Sustainability Assurance Report (ASSUR) were initially developed in tandem.