04 Apr 2019
MillionPlus, the Association for Modern Universities, has today (4 April) commented on the Office for Students (OfS) report Financial Sustainability of Higher Education Providers in England.
Dr Greg Walker, Chief Executive of MillionPlus, said:
“This report provides a useful picture of the generally healthy financial state of the higher education (HE) sector in England. The OfS is right, however, that much will depend on the potential impacts of any upcoming policy changes in England. With so much uncertainty around Brexit and levels of future economic growth, policy makers should be especially wary about proposals that might threaten the overall level of investment in HE providers and the education of their students. Universities are crucial drivers of our economy and should be supported to do more to promote improvement to the levels of productivity and innovation in the UK. The statement that the OfS will ‘work creatively’ to address financial challenges faced by universities at an early stage is also a welcome adjustment in tone from the regulator.
“The Home Office, working with UKVI, can also help improve the sustainability of universities in the UK in the period ahead by changing their approach to student visas and by changing the compliance regime imposed. MillionPlus recently proposed two changes to government policy, that could be taken up in the Immigration Bill, that would considerably enhance the sustainability of universities in the UK without any commitment of extra resources by the government or the OfS. We hope that the government will take up these ideas in the period ahead, creating a win-win all round for HE providers, students and the OfS.”
Notes to editors