Coronavirus (COVID-19)—government to support universities at risk of insolvency

Coronavirus (COVID-19)—government to support universities at risk of insolvency

The Department for Education has launched a new scheme to support English universities at risk of insolvency as a result of the coronavirus (COVID-19) pandemic. The Education Secretary, Gavin Williamson, has confirmed that struggling universities will be able to apply for further government help to develop cost effective restructuring plans. The scheme aims to support the important role universities play in their local economies and preserve the country’s science base. For taking part in the scheme, universities will be required to make changes that meet wider government objectives, which could include ensuring they deliver high quality courses with strong graduate outcomes, improving their offer of qualifications available, and focusing resources on the front line by reducing administrative costs.

Source: Government scheme to help universities in financial difficulties

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