Higher Education

Baroness Finlay of Llandaff Excerpts

Wednesday 6th May 2020 Lords Chamber

[Baroness Berridge]

My Lords, in addition to the forecast numbers and the 5% uplift, 10,000 places are reserved, and I am pleased to be able to tell my noble friend that half of them will be in the healthcare sector. Further details on the allocation of the 10,000 additional places will be released in due course.

[Baroness Finlay of Llandaff (CB)]

The measures are a welcome step for cash flow but do not avoid the projected fall in income of £2.5 billion and the cost to the economy of £6 billion and 60,000 jobs. What is the Government’s response to this assessment from the UCU/London Economics report?

[Baroness Berridge]

My Lords, the package that has been announced will stabilise the sector and give all the clarity that can be given at the moment. As I have outlined, the forecast is that the sector will be eligible for £700 million as regards loans and the job retention scheme. However, we are working with and keeping in close touch with the sector. The Office for Students has an individual contacting every provider so that we are in touch with their financial situation going forward.