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…ain how reducing university places, and ultimately the number of graduates coming out of our higher education system, fits within this economic vision. Our global competitors are increasing the number of graduates in the workforce to grow their capacity for economic growth. Emerging economies get this; India, for example, wants to more than double the size of its university system to become a “knowledge powerhouse”, increasing the country’s studen…

…oven excellence, with the critical mass to address national challenges and compete internationally”. Hefce responded by cutting the amount of research funding allocated on the basis of two-star (“internationally recognised”) research. Ms Hackett said she strongly backed focusing funding on excellence but said that the report proved that this was not the same as concentrating it on large departments: “We would like the government to reiterate that…

…fund a healthy and excellent research base, universities will struggle to compete in an increasingly well-funded global sector. Alliance institutions also drive innovation because we know that research that creates real social and economic impact is critical to growth in local communities as well as regional and national economies As the higher education market at home diversifies, students are likely to recognise the value of joining universitie…

…PDF] HEFCE teaching funding vs. a voucher system Universities operate in a complex, semi-regulated market. As largely autonomous institutions in receipt of public funding, they operate within an intricate eco-system of regulation, funding or market incentives from a wide range of sources (public and private) and well-established hierarchies. UK universities operate a non-standardised system of degree classifications and are mostly self-regulating…