£2.5 Billion Fund Needed for Universities at Risk of Closure: Report

Published on July 26, 2024

The government needs to establish a £2.5 billion fund to support universities at risk of closure, in order to protect students and mitigate against wider damage to the sector, a report has recommended. The proposed Higher Education Enhancement and Transformation Scheme (HEETS) would offer repayable state-backed loans to higher education (HE) institutions in financial trouble if they can make a compelling case that they can deliver sustainable and high-quality provision. In order to qualify for HEETS support, institutions would have to meet six conditions, which focus heavily on the university’s regional impact—such as demonstrating their plans for economic growth in the region—as well as what the impact will be on public service training....

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