22 July 2024
Raj Jethwa, UCEA Chief Executive said:
“UCEA welcomes national coverage* of UCU’s new independent report findings, confirming and further highlighting the very serious financial challenges facing both the sector and its HE institutions. The reported restructuring is a last resort as employers are forced to respond to such challenges. Employers have been publicly raising concerns about these financial challenges, and with the trade unions, consistently over recent years. While the UCU report highlights this crisis, it also reinforces the need for a more thorough joint review, to gain updated data, as called for by UCEA and its member HE institutions for well over a year now**.”
*Universities face cash ‘catastrophe’ with threat of mergers and course cuts.
www.thetimes.com/article/68df67f7-5a11-4ccc-b6fc-82df6305fc8a
Unis told to manage own budgets after call for bailouts
www.bbc.co.uk/news/articles/cpd9mgk028l
Why Labour may need to pump more money into UK universities to save them from collapsing
www.scotsman.com/education/why-labour-may-need-to-pump-more-money-into-uk-universities-to-save-them-from-collapsing-4710895
**Agreement needs to start with a shared perspective on finances
https://wonkhe.com/blogs/agreement-needs-to-start-with-a-shared-perspective-on-finances/
ENDS
For further information: Please contact Andy Fryer, Head of Communications and Membership (a.fryer@ucea.ac.uk) or Marc Whittaker, Communications and Events Manager (m.whittaker@ucea.ac.uk)
Raj Jethwa, UCEA Chief Executive said:
“UCEA welcomes national coverage* of UCU’s new independent report findings, confirming and further highlighting the very serious financial challenges facing both the sector and its HE institutions. The reported restructuring is a last resort as employers are forced to respond to such challenges. Employers have been publicly raising concerns about these financial challenges, and with the trade unions, consistently over recent years. While the UCU report highlights this crisis, it also reinforces the need for a more thorough joint review, to gain updated data, as called for by UCEA and its member HE institutions for well over a year now**.”
*Universities face cash ‘catastrophe’ with threat of mergers and course cuts.
www.thetimes.com/article/68df67f7-5a11-4ccc-b6fc-82df6305fc8a
Unis told to manage own budgets after call for bailouts
www.bbc.co.uk/news/articles/cpd9mgk028l
Why Labour may need to pump more money into UK universities to save them from collapsing
www.scotsman.com/education/why-labour-may-need-to-pump-more-money-into-uk-universities-to-save-them-from-collapsing-4710895
**Agreement needs to start with a shared perspective on finances
https://wonkhe.com/blogs/agreement-needs-to-start-with-a-shared-perspective-on-finances/
ENDS
For further information: Please contact Andy Fryer, Head of Communications and Membership (a.fryer@ucea.ac.uk) or Marc Whittaker, Communications and Events Manager (m.whittaker@ucea.ac.uk)
