The BSA has submitted its letter to the Chancellor of the Exchequer ahead of the one-year Spending Round.
The Spending Round will be delivered on Wednesday 4 September 2019.
The submission calls for the continued engagement with business from government, welcomes the Chancellor’s recent comments on encouraging enterprise and investment, discusses the government’s work on skills training and increasing social value in government procurement, and requests a clear commitment from government to invest in public buildings and infrastructure.
Read the full submission here.
Since the increase in tuition fees in 2010, universities have had to adapt to a rapidly changing funding environment. Greater reliance on fees, which account for over two-thirds of total income at 42% of universities, has left their finances vulnerable to sudden changes in student numbers. Concerns over value for money, along with long-term spending commitments on pensions and infrastructure, also weigh heavily.
To be sustainable after Brexit, universities must prioritise the student experience whilst also finding new ways to maximise efficiencies and diversify revenue. Continue reading “Universities must commercialise to thrive after Brexit”