University funding and finances
Financial benefits of increasing domestic recruitment ‘now negligible’, according to leaked document
Skills minister says upcoming White Paper will seek to address ‘fragmentation’ between further and higher education
Expenses spike despite dwindling student numbers, with signs the gap could widen
Academics warn of ‘culture of fear’ at pre-eminent Welsh institution amid plans to axe courses and hundreds of jobs
Legal and regulatory issues push some English institutions into taking financial hit of not increasing fees
Pressure mounts on Welsh government to intervene as Cardiff posts UK sector’s biggest deficit yet
Russell Group member says number of roles going yet to be determined, with compulsory departures not on agenda
Tax-cutting budget sees modest increases for higher education as India’s growth expected to slow
Draft 2025 budget could be devastating for research, universities and students, academics warn
Union says that managers of stricken institution must “think again about cutting jobs and the use of compulsory redundancies”
Institution has come under fire for looking to shed around 300 jobs
Librarians and negotiators insist embattled sector’s finances and technological innovations will help to achieve long-sought reductions in publisher costs
91茄子 analysis reveals higher education sector has already passed feared milestone of axeing more than 10,000 jobs in a single year
Ombudsman for English and Welsh higher education says options include support fund, insurance scheme or change in legislation, as it announces record haul of complaints
Institutions ‘caught between a rock and hard place’ are attempting wholesale transformations of their operations but those affected claim schemes could be kinder for staff and students
Island may follow likes of UK in mandating three-year residency before qualifying for domestic fee regime
University to increase staff-student ratios, merge schools and close programmes to ensure it remains ‘viable’
University becomes latest to announce staff cuts, saying it cannot rule out compulsory redundancies
Former universities minister attacks ‘embarrassing’ regulator decision, claiming it will worsen sector’s financial woes
Former vice-chancellor says universities needs change in leadership culture to foster greater collaboration
Indexed fees and some movement on student maintenance seen as key goals for coming spending review, with economic climate reducing chances of more systemic reform
University opens voluntary severance scheme after struggling on domestic and international recruitment, after cutting jobs and courses last year
Minister rules out state taking on more of the cost of paying for higher education
Bid to hand funding council ability to intervene amid worsening institutional finances could be open for abuse, critics fear
Hepi director argues that England’s funding system is ‘not broken’ but just needs to catch up with inflation – and that ministers should get behind it
While public universities concede to government demands, their private counterparts look less likely to back down
Analysis of 113 institutional accounts reveals almost a third have posted a deficit, and one in four reported a negative cash flow
Institutions falling short of recruitment targets will have to reform in order to receive subsidies, with extra on offer to those which merge
Institution plans ?20 million in ‘pre-emptive’ savings but is threatened with strike action by union branch pointing to recent budget surpluses
English students oppose increase in tuition fees but uplift in maintenance support makes move more ‘palatable’, finds Hepi survey
Changes in fiscal rules make hoped-for increases in direct funding grants for English higher education less likely, IFS report finds
Alma mater of Daniel Day-Lewis, Patrick Stewart and Olivia Colman says ‘new approach’ will focus on ‘intensive postgraduate courses’
Northumbria leaders say modern universities will be forced to rein in pay rises if they are compelled to offer expensive Teachers’ Pension Scheme to academics
Losses at Queen’s, Heriot-Watt and UWS, along with Ulster, underline UK-wide nature of funding challenges
2024 saw swathes of jobs cuts amid concerns about universities going bankrupt. So is the sector now in a better position to weather the adverse financial climate? Are even worse storms ahead? Or will Labour undertake the systemic change that might see the sun shine again? Tom Williams reports
Out-of-hours support run out of Northumbria University now works with a third of the sector
Leicester, Surrey, Brunel and Hull also report losses in financial accounts for 2023-24
King’s College London reported an operating deficit of ?19 million once the impact from pensions and donations are excluded
At least 16 institutions announced plans to shut in 2024, with closures expected to increase significantly in the years ahead
Former University of the Arts London vice-chancellor to lead work aimed at finding ways universities can collaborate to secure savings
Need to meet commitments on loans taken out in boom years forces institutions to accept worse terms and conditions, or look to non-traditional sources for new funding
Polling indicates lack of awareness over sector’s funding turmoil, with public seeing more international enrolments as solution to difficulties
Reforms will redraw funding system and create tertiary education commission, but questions remain over how much cash will materialise
Universities must rethink their use of agents and discounts and put more effort into securing and retaining enrolments, consultant says
Remaining staff will lose access to Teachers’ Pensions Scheme as union attacks ‘Scrooge playbook’ cuts
Australian Bureau of Statistics figures reflect scale of growth in post-pandemic, pre-crackdown rebound
Despite the large increases in surpluses, top-ranked universities both report net cash outflows in operating activities of more than ?58 million
Government urged to rebalance payments to universities to align with high-cost teaching periods
University leaders warn region’s public institutions will ‘fall behind’ without funding increase
Ministers under pressure to protect struggling universities from bankruptcy
Agreement between coalition and opposition parties to reduce budget cuts does little to assuage sector leaders’ fears
Bringing institutions under same roof can create efficiencies but won’t solve financial crises in both sectors, leaders agree
Dedicated source of capital funding tops umbrella body’s election wish list
The University of London has been held up as an example of how institutions can collaborate during tough financial times. But how easy would it be to replicate elsewhere?
Ian Gillespie had told staff last month that the university was facing a potential ?30 million deficit
The year is ending with an ongoing permacrisis for higher education. Political rhetoric has improved but the sector still needs a vision for its future
While it may be reluctant to attempt widespread reform of universities, economic circumstances may force Labour’s hand, experts believe
Repurposing Covid-era cash allows government to claim extra investment but institutions remain in ‘precarious state’
Increase to ‘ensure Welsh institutions remain competitive’ will be second time fees are hiked in space of a year
Higher education institutions ‘in danger’ as a result of controversial budget measures, umbrella group says, with some closing in protest
