Change Business Models to Stay Viable, Minister Tells Universities

A “significant number” of universities in England must revise their business models “to ensure that they are financially sustainable” and adapt to uncertainties and financial risks, a minister has said. Baroness Barran made the remarks in the House of Lords on Tuesday in response to a question on the sustainability of higher education institutions, as a growing number face financial pressures. “Indeed, all providers must continue to adapt to uncertainties and financial risks. Ultimately, providers are independent from government and, as such, it is for them to decide how they manage their finances,” the parliamentary under secretary of state for education added....