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HEFCE: University finances 'are healthy'
Wednesday, 17 December 2008
UK Universities are generally in a healthy financial state, according to the Higher Education Funding Council for England (HEFCE).
The council has played down talk of a university funding crisis, claiming that higher education will continue to be well supported with public money despite the economic downturn.
Roger Grinyer, head of corporate communications at HEFCE, said it would certainly be "very misleading" to suggest there is a crisis in higher education.
He added: "Demand from students is buoyant and universities and colleges generally are in strong financial positions."
Mr Grinyer commented that there are "challenges to be faced over the coming years", but he proposed that higher education is well-placed to respond to these.
According to a recent University of Leeds press release, operational costs are increasing on the city campus, while all income streams are under some level of threat as a result of the economic downturn.
The university claims that while institutions have benefited from rising tuition fees and a growth in student numbers in recent times, this will not be the case over the next few years.