Universities: Financial Sustainability - Question

Part of the debate – in the House of Lords at 3:03 pm on 21 May 2024.

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Photo of Baroness Barran Baroness Barran The Parliamentary Under-Secretary of State for Education, Lords Spokesperson (Equalities) 3:03, 21 May 2024

The Government recognise the importance of having a thriving higher education sector which is responsive to the needs of the economy and funded in a way that is fair to taxpayers. We have demonstrated that commitment via our £1.3 billion of capital funding that was announced in this spending review, which is to support universities with teaching and research in key STEM areas and supporting roles in the NHS. As my noble friend said, the Office for Students was clear that providers need to review their business model and that there are very different business models across the sector.