Universities: Financial Sustainability

Baroness Andrews Excerpts

Tuesday 21st May 2024 Lords Chamber

[Baroness Barran (Con)]

Obviously, the pension scheme is an element, but I am not aware that the entitlement of university lecturers is changing. Clearly, it is up to individual institutions to make themselves as attractive as possible to academic staff.

[Baroness Andrews (Lab)]

My Lords, the noble Lord opposite asked a legitimate question—how poorer areas, which are benefiting hugely because they have universities in their midst, are likely to be affected if the number of overseas students drops and the university becomes in a more precarious and even more fragile state. This morning, on the radio, one university was cited as having a drop of 40% in its overseas students over the past year. How will that affect the university and the community it serves?

[Baroness Barran (Con)]

I think that the noble Baroness, on one level, knows the answer to her question, which is obviously that if there is less money going in, it will have a negative effect. But that is not the real question. The real question is: what are the Government doing to make sure that there is significant investment in those areas? There absolutely has been significant investment in all of the areas the noble Baroness cites, not just in relation to universities but also in colleges and institutes of technology, building the skills pipeline of the future.