The financial state of English higher education is under the microscope today as the Office for Students publishes its latest report.
Rest easy, everyone. The string of bad news stories about possible university closures, institutions struggling to balance the books and senior management taking out emergency loans to cover costs is over.
Today, the Office for Students publishes a report, Financial Sustainability of Higher Education Providers in England, that says the country’s universities are in “reasonable financial health”. Institutions reported an income of £33 billion last year—a 7.4 per cent increase on the previous year—and have “net liquidity of £12bn”, which is equivalent to 138 days’ worth of expenditure. This figure is £1.3bn higher than in 2016-17.