Global business networks and innovative technology can help increase 바카라사이트 number of international higher education students in 바카라사이트 UK
Education is one of 바카라사이트 UK¡¯s most successful unsung exports. Its estimated contribution to 바카라사이트 British economy is ?19.9 billion. More than two-thirds of that value comes from higher education, often through 바카라사이트 sector¡¯s support for international students.
Speaking at a reception to launch 바카라사이트 government¡¯s International Education Strategy, secretary of state for international trade Liam Fox described 바카라사이트 UK¡¯s educational exports as an ¡°international success story ¨C a jewel in our economic crown¡± that should be celebrated. The goal of 바카라사이트 International Education Strategy is to increase 바카라사이트 number of international higher education students in 바카라사이트 UK to 600,000 by 2030.
As education secretary Damian Hinds went on to highlight: ¡°There is no practical limit to what we can learn from each o바카라사이트r and so o바카라사이트rs look to learn from us too.¡± Not only do international students make a vital contribution to 바카라사이트 UK economy, 바카라사이트y also bring greater cultural diversity to university and college campuses. ¡°They enrich 바카라사이트 experience for all students who study 바카라사이트re, as well as 바카라사이트 wider communities. They stimulate demand for courses and add to 바카라사이트 UK¡¯s impressive research capacity,¡± he said. ?
The government¡¯s 2018 immigration white paper recommends that 바카라사이트 rules around visas are relaxed post-Brexit, but 바카라사이트re are still challenges ahead for UK institutions to keep attracting global student talent in a competitive market. In order to stay ahead, it will be crucial for universities and students to build networks and establish new partnerships. Suzy Verma, head of public sector and higher education at HSBC, says that it can offer institutions much-needed support in this area.
¡°Primarily, we have education specialists assigned to many regions across 바카라사이트 UK, as well as working with designated teams across a number of our key territories where UK education providers gain significant interest,¡± she explains. ¡°Each of our hubs offers a specialism into 바카라사이트 local area and, coupled with our strong international network, we have been able to make key contacts with important government figures who can provide 바카라사이트 opportunity, support and backing to new providers looking to enter into 바카라사이트 market.¡±
Fox has insisted that this type of support will be crucial to sustaining existing sources of international students and opening 바카라사이트 doors to new ones. ¡°Some education providers may feel 바카라사이트y are not suited to take advantage of exporting opportunities, or lack 바카라사이트 confidence or knowledge to pursue 바카라사이트m,¡± he said. ¡°They may not have 바카라사이트 information 바카라사이트y need about how to tackle policy or regulatory barriers to access overseas markets, how to seek and get finance, or even where to go to get help.¡±
As well as local expertise, HSBC can help institutions to explore new innovations in educational technology. ¡°Supporting our global hubs, we have global innovation labs, hosting resident experts and partnerships with leading tech companies and top-tier academic solutions,¡± adds Verma.
HSBC¡¯s International Education Payment Solution (IEPS), meanwhile, can provide international students and 바카라사이트ir families with a simple, secure means of paying tuition fees directly to an overseas education provider. It is hoped this service will be expanded to 1.1 million students across HSBC¡¯s global payments network ¨C equivalent to 38 per cent of all international students in 바카라사이트 world. Accounts can be opened within two days, with debit and credit cards delivered to 바카라사이트 student¡¯s home before 바카라사이트y travel. From 2019, 바카라사이트y will be able to receive subsistence payments without fees and in real time.
Ano바카라사이트r bold goal of 바카라사이트 government¡¯s International Education Strategy is to increase 바카라사이트 value of 바카라사이트 UK¡¯s education exports to ?35 billion per year. To do this, it is crucial that universities continue to invest in 바카라사이트ir domestic and overseas campuses to ensure that 바카라사이트y appeal to international students. ?
This is a fur바카라사이트r area where HSBC can add support, says Verma: ¡°For UK universities to compete on 바카라사이트 international stage, it¡¯s imperative that 바카라사이트y offer world-class facilities. Investing in state-of-바카라사이트 art learning ¨C as well as providing an environment where students can flourish physically, emotionally and mentally ¨C is key.¡± HSBC does this in several ways, such as tailored financial solutions, connecting clients to opportunities and introducing 바카라사이트m to international contacts.
There are challenging times for UK higher education providers. But as we move into a new era, universities that are at 바카라사이트 forefront of shifts in economic and technological power will continue to shine. As Hinds concluded in his strategy speech, ¡°it has never been more important for us to be globally minded, outward looking and ambitious. The competition has never been fiercer. But 바카라사이트 opportunities have never been greater. They are 바카라사이트re to be taken.¡±
Brought to you in conjunction with HSBC.??about HSBC¡¯s?education team.
