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After the 2015 world cup there needs to be a serious look at expanding the prem to 14 teams, bringing in Leeds and Bristol again and freezing relegation for 5 years or so. Doing this will allow the teams in the prem to invest long term, while the teams in the champ can strengthen themselves as well bringing their facilities up to standard etc.
That could be the worse thing for English Club Rugby... The Championship is more competitive than it ever has been, Bristol have been pushed all season by the likes of London Welsh, Cornish Pirates, Bedford and numerous others. I agree the Premiership should be increased to 14 teams, but if this was to happen the number of teams automatically relegated should be increase to 2, and the the Play Off Final would have to be scrapped. On top of that I would make the winner of the Championship automatically promoted and then a playoff between 2nd, 3rd place team to decide who should be promoted.
The next key thing would be get Championship Rugby on TV more regular, get a big name sponsor and start getting some investment into the league. With that revenue we would see an increase in the revenues for the clubs meaning more funding for stadiums and players.