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Universities are now big business

29 March 2016

Universities are now big business - read more

Boards have a responsibility to balance the collegial and the commercial

The idealised vision of universities as ivory towers, solely committed to the pursuit of knowledge and protected from regulatory and financial pressures, is an edifice which has long since crumbled. Our universities are now big business. A 2014 report by Universities UK (UUK) – the membership body for vice-chancellors and principals – calculated that UK universities annually contribute in the region of £73 billion to the national economy, the equivalent of 2.8% of UK GDP. This is combined...

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