21 March 2012

million+ response to Budget 2012

Responding to today’s Budget, Pam Tatlow, Chief Executive of the university think-tank million+, said: “By working together, universities and businesses have a key role in promoting growth. The new £100 million fund to support research facilities is a sound investment and should act as a catalyst for up to an additional £200 million of private sector funding. BIS must ensure that the scheme is available to all universities which excel at innovative and entrepreneurial research, including modern universities which have proved to be the most effective at leveraging money for research from the private sector.

“However it is disappointing that the Chancellor did not increase the supply of funded university places in 2012 or announce a state-backed postgraduate loan scheme. At a time when the cost of government borrowing is low but unemployment is rising, these would have been good investments. Universities could have been asked to promote new opportunities for those who are looking to improve their life chances or change careers. Instead they risk being fined if they over-recruit in 2012. With tuition fees increasing this would have also been the right time to ensure that there is an accessible loan scheme to support postgraduate study and the businesses and companies who want to grow postgraduate talent and enterprise.”

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 Victoria Mills on 0207 717 1659 or 07900 277819.