Vision 2015 was published in September 2007 outlining a set of ideas, principles, some important priorities and the key activities intended to launch The University of Warwick towards its fiftieth anniversary. Four years on and the environment has changed, but our ambitions remain undiminished and our overarching strategy remains to increase academic excellence whilst recognising the distinctive strengths and characteristics that mark Warwick out as a unique force in higher education. It is timely and sensible to update Vision 2015, first to recognise success and the embedding of successful change and, second, to set out a direction for the coming years that both reflects the realities of the new situation, and responds to the new opportunities which will emerge. This strategy has been developed with hard work, vision and the input of the whole University community, through a wide consultation. By drawing on the ideas, expertise and in-depth knowledge of the University and on our ambitious drive for excellence, the consultation has resulted in a strategy which is challenging, relevant to the changing economic context and true to Warwick’s values and distinctiveness.