Degrees of uncertainty

New strings attached to the financial support regime suggest central government is contemplating the financial collapse of some of England's higher education institutions New strings attached to the financial support regime suggest central government is contemplating the financial collapse of s...

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Bibliographic Details
Published in:Public Finance 2020-11, p.41-41
Format: Article
Language:English
Subjects:
Colleges & universities
Higher education
Insolvency
Market exit
Market positioning
Public finance
Students
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Summary:New strings attached to the financial support regime suggest central government is contemplating the financial collapse of some of England's higher education institutions New strings attached to the financial support regime suggest central government is contemplating the financial collapse of some of England's higher education institutions In July, the UK's Department for Education unveiled its higher education restructuring regime for providers in England facing financial collapse as a result of Covid-19 and wider challenges. Some consolidation and exits from the market in the near future are highly likely. [...]relatively recently, higher education was viewed largely as a public service rather than a business sector. [...]the new regime's requirement for applicants to undergo an independent business review, and demonstrate a strategic business case, a market assessment and a financial plan, shows ministers believe higher education institutions have some responsibility to maintain their own solvency.
ISSN:1352-9250