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London Metropolitan University

Innovation, Universities and Skills written question – answered on 2nd April 2009.

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Photo of Jeremy Corbyn Jeremy Corbyn Labour, Islington North

To ask the Secretary of State for Innovation, Universities and Skills what recent assessment he has made of the financial situation at London Metropolitan University.

Photo of David Lammy David Lammy Minister of State (Department for Innovation, Universities and Skills) (Higher Education & Intellectual Property)

The Higher Education Funding Council for England (HEFCE) is responsible for monitoring the financial health of those higher education institutions it funds through an accountability framework. This framework includes an annual process which assesses the financial health and risks facing all institutions. At the same time, HEFCE undertakes data audit work which at London Metropolitan University has found that £36.5 million of funding was incorrectly claimed over a three year period. All of this money is being repaid by the university over an agreed five year repayment period.

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