£280m extra research funding (£180m of it new) + grants (25%) and loans (75%) to cover up to 80% of lost overseas student fee income.
But there is a LOT of devil in the detail.
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gov.uk/government/pub…
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"providers [sic] at risk of closure will be able to apply to government to access a restructuring regime as a last resort... this will come with attached conditions."
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Lost overseas fees in non-STEM will be part-covered by govt aid for... STEM. So HSS departments will be "rewarded" with austerity for them + aid for STEM subjects.
6/11
Not so fast.
Universities have complex internal economies where non-STEM fee income cross-subsidises STEM. A bit of top-up research funding for STEM won't compensate enough.
7/11
Long term, this risks the sustainability of STEM subjects by undermining the internal cross-subsidy.
8/11
Universities have become dependent on fluctuating market demand, making rational long-term planning impossible.
Teaching grants have been largely eliminated and research is under-funded.
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Hence any "market shock", like COVID-19, or attempt to tweak the system (e.g. discourage study of HSS subjects), risks disaster.
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