Universities are now big business
29 March 2016
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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