To ask the Minister of State, Department for Business, Innovation and Skills what steps his Department is taking following the consultants' report on the finances of London Metropolitan University in respect of future funding; and if he will make a statement.

holding answer 8 December 2009

I welcome the work Sir David Melville and the Deloittes team have undertaken to review the situation at London Metropolitan University, and the lessons we need to learn about how that situation arose. I shall be studying the reports carefully. I look to the University and HEFCE similarly to consider Sir David's findings and the implications for the actions they now need to take. It is imperative that the University and HEFCE act with all due urgency to resolve the problems that have been identified, putting the interests of the students and the proper stewardship of public funds at the forefront of their concerns.