Government support for the sector
On 4 May 2020 the government announced its financial support plans for the sector to mitigate the impact of the Covid-19 pandemic. English institutions will be able to recruit 5% more UK and EU undergraduate students than budgeted in 2020/21, with ministers having discretion to allocate a further 10,000 places, with 5000 ringfenced for health-related courses. The OfS is consulting on whether it should be allowed temporary powers to intervene if institutions risk students’ best interests, or the ‘integrity’ of the sector (mainly as a result of their admissions practices); interventions could result in financial penalties.
The Student Loans Company will pay tuition fees for 2020/21 in advance, potentially around £2.6 billion. The government will also immediately bring forward £100 million in research (QR) funding.
Talk to our team
When it comes to something as important as ensuring your organisation is running smoothly and achieving its goals, we know that inevitably comes with questions. Feel free to contact us with any queries or questions you might have about KCG.