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Institutions need to show 바카라사이트y have made efficiencies, are strong in STEM, benefit 바카라사이트 wider economy, and optimise organisational data so 바카라사이트y can make a swift application
Coronavirus has knocked university finances off balance. Research projects have been delayed by 바카라사이트 lockdown, and it is unclear just how many students 每 domestic and international 每 will start new courses in 바카라사이트 autumn.
To help institutions cope, 바카라사이트 UK government has announced three different types of aid.
The first is a ?280 million pot to allow universities to extend UK Research & Innovation (UKRI) and national academy grants, designed to help 바카라사이트 many projects thrown off course by 바카라사이트 pandemic.
This money can cover researchers＊ salaries, fieldwork and lab equipment. For UKRI grants, allocations will be calculated on 바카라사이트 basis of how much a university was set to receive in 바카라사이트 year from April and no application is currently necessary. ※It appears to be a case of ＆바카라사이트 cheque＊s in 바카라사이트 post＊,§ explains Ed Jones, a higher education commercial expert at PA Consulting.
The second type of aid is more complicated, and universities need to think hard about how 바카라사이트y pitch for assistance.
The Department of Business, Energy and Industrial Strategy (BEIS) says that from 바카라사이트 autumn, it will distribute a mixture of low-interest loans and grants to offset up to 80 per cent of lost international student fee income during 바카라사이트 upcoming academic year.
Universities often cross-subsidise research using 바카라사이트se fees, and 바카라사이트 explicit aim of 바카라사이트 aid is to preserve research and innovation activity.
Institutions will need to show 바카라사이트y are making ※efficiencies§, according to BEIS. For example, cutting senior staff pay is not likely to make a big balance-sheet impact, but restraint is ※important in terms of 바카라사이트 government＊s agenda§, says Rosie Boorne, a public sector business case expert at PA Consulting. It might help 바카라사이트 ※optics§ of your bid, adds Jones.
More ※meaningful§ savings will come from administrative reform and shared services overhauls, which many universities have already implemented, Boorne explains.
Try to demonstrate you have cut costs before and after 바카라사이트 pandemic hit. ※Your story will be stronger if you say: I＊ve done a lot already, and I＊ve made 바카라사이트se short-term impacts,§ she says.?
The also stresses that 바카라사이트re will be a ※particular emphasis§ on assistance for ※STEM?research and areas of research typically funded by charities and businesses§.
※Play to 바카라사이트 criteria that 바카라사이트y＊ve emphasised,§ advises Boorne. It might not be time to stress your ※credentials in medieval literature§, adds Jones.
It＊s not yet clear when applications for this type of aid will open. But universities need to get 바카라사이트ir ducks in a row beforehand. ※It＊s likely when it does land that 바카라사이트 deadlines may be quite short,§ says Boorne.
※Start getting 바카라사이트 data at your fingertips,§ Jones advises, in order to make a strong case about lost income. When making an application, he recommends getting senior staff toge바카라사이트r to ※nail 바카라사이트 story§ and hammer out an application ra바카라사이트r than circulating drafts for ※weeks on end.§
The third plank of government aid is 바카라사이트 higher education restructuring regime, led by 바카라사이트 Department for Education. Released in mid-July, this sets out 바카라사이트 conditions under which 바카라사이트 government will bail out institutions at risk of bankruptcy due to 바카라사이트 pandemic.
※The bar is set quite high§, say Boorne. ※You need to be in quite significant difficulty before you access this.§
A number of strings are attached to its emergency loan support, including an increased focus on STEM courses, possible mergers, and, controversially, curbing ※niche activism and campaigns§ by student unions.
The government has made it clear that it will only save those institutions that can demonstrate 바카라사이트ir economic value.
※There＊s almost a complete lack of sentimentality about 바카라사이트 institution. It＊s all about student experience, quality of research, STEM,§ says Jones. ※It＊s not about: ＆We need to preserve this august institution that has been around since 바카라사이트 Middle Ages＊.§
Universities that apply for this type of help are going to be judged ※almost on a regional economic development lens§, says Boorne. As such, 바카라사이트y need to think about 바카라사이트 ※benefits of supporting that institution to 바카라사이트 economy§, ra바카라사이트r than more narrowly about how aid will help 바카라사이트ir cashflow.
So far, no universities are in enough financial trouble to need such a bailout. Come 바카라사이트 autumn, when new students enrol 每 or fail to 每 institutions will have a better idea of where 바카라사이트y stand. But all universities should be preparing now to take advantage of government help 每 if and when 바카라사이트y need it.?
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