26 June 2012

million+ welcomes boost to university-business collaboration

The university think-tank million+ has welcomed the Government’s response to the Wilson Review of University-Business collaboration. This includes the funding being provided by HEFCE (the Higher Education Funding Council for England) and BIS (Department for Business, Innovation and Skills) to assist the Centre for Industry and Higher Education (CIHE) to establish a new National Centre for Universities and Business. This funding will help CIHE to develop a business plan for the Centre, which will then be reliant on private funding.

Commenting on the Government’s response to the Wilson review, Professor Patrick McGhee, Chair of the university think-tank million+ and Vice-Chancellor of the University of East London said: “Modern universities have a long history of working with business and have been at the forefront of extending the provision of sandwich courses which include placements in industry or abroad. Ministers are right to recognise the benefits of university-business collaboration. All the evidence confirms that collaboration promotes innovation, encourages inward investment and enhances the employability of graduates. At a time when many businesses are facing challenges, there is a clear case for BIS to promote this agenda, provide seed funding to establish the Centre, and add value to the partnership work that is already being undertaken’.

ENDS

Notes to editors:

  1. million+ is a leading university think-tank, working to solve the complex problems in higher education www.millionplus.ac.uk. For more information please contact Drew Lindon on 0207 717 1655 or 07900 277819.
  2. In February 2012 the million+ report Teaching that matters highlighted the university-business collaborations in which modern universities were involved, and demonstrated the role that these universities had played in promoting sandwich courses.
  3. The Wilson Review can be found on the BIS website and the Review website.