The traditional PhD is no longer fit for purpose. It fails students and employers. This book provides a blueprint for a fresh approach centred on the personal, academic and professional development of the student and which meets the needs of employers. The vagaries of research council funding are dramatically illustrated and an alternative funding mechanism is proposed. This book is the product of ten years of imaginative thinking, creating a World-renowned PhD programme. Policy makers, funding agencies and anyone running, thinking about or sponsoring a PhD project, will find this book an inspiration.