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Business Secretary Vince Cable has described the government’s plans for higher education as “an opportunity for universities to grow and flourish.”
Dr Cable made the comments in an article for the Times Higher Education website ahead of a speech he is giving at the Universities UK annual conference.
Dr Cable said in the article: “Money - and more of it - will follow applicants to the institution of their choice, the quid pro quo being that those institutions become more accountable to students for the undergraduate experience they provide.
By establishing this new system, the government is seeking to improve student choice and access, teaching and employability - as well as putting the sector's finances on a sustainable footing. Whereas my department, the Department for Business, Innovation and Skills, invested about £9 billion in higher education in 2010-11, we expect this figure to reach about £10 billion in 2014-15. This is at a time when the government - including BIS - is making overall cuts.
Also by 2015, the sector will be spending more than half a billion pounds annually on widening access, thanks to the institutional plans agreed with the Office for Fair Access. UUK is to publish its recommendations on improving institutional efficiency later this month. And in the next few weeks, recent graduates will start visiting English schools, sixth forms and colleges to explain the new funding, grant and loan arrangements.”
To read the full article [click here]
Posted by Keith Broomer
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