Nearly 25% of English universities in deficit last year, figures show

The Guardian is reporting that nearly one in four universities in England were in deficit last year, according to an official compilation of data that suggests more financial difficulties could be on the way.

The number of universities in England with operating deficits in 2017-18 increased to 32, compared with 24 the year before and 10 in 2015-16. Across the UK, the number reporting deficits rose to 47, compared with 40 in 2016-17.

The figures come after warnings of the financial challenges facing many British universities, but especially those in England that are dealing with increased competition and rely heavily on undergraduate tuition fees, which could be cut.

Reading University, which was reported recently by the Guardian to have benefited from the sale of land belonging to a separate trust, was among those with deficits higher than 10% of their annual income.

Other universities in England with large budget deficits included London Metropolitan and Bradford, while Robert Gordon and Queen Margaret in Scotland also posted large deficits.

The outlook remains uncertain for many higher education providers, which are anxiously awaiting the results of a review by Philip Augar commissioned by Theresa May a year ago

Other options include announcing a floor in the qualifications needed to matriculate, such as two or three Ds at A-level or GCSE passes. That would be seen as an attack on university autonomy, and would also mean fewer potential students for some universities.

Read more Nearly 25% of English universities in deficit last year, figures show

Please tell us your thoughts in comments or via Twitter ~ Emma

Don’t forget you can sign up to receive our daily email bulletin (around 7am) with all the latest schools news stories. Your details will never be given to anyone else and you can unsubscribe at any stage. Just follow this link 

We now have a Facebook page - pls click to like!

 

More recent posts...

Universities told to end grade inflation
Government spending on ‘lifeline’ children’s Sure Start centres slashed by nearly £157m in four years
Categories: News and University.

Let us know what you think...