UK Universities are being confronted with a global recession, reduced public spending and international market changes are combining to create a permanent change in the economics of Higher Education. The impacts of this change for universities are immediate and dramatic, with many institutions projecting significant financial deficits and a growing number facing risks to their very survival.
It is clear that government will not provide the solutions to this challenge, whether through additional funding or through protectionist policies. Conventional institutional self-help measures, whether aimed at reducing costs or diversifying revenues, offer only marginal or short term benefits and do not address the underlying shifts in the conditions for sustainability.
To discuss how PA can help you develop a framework which your institution might use to shape and realise responses, please contact us now.
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