Back universities to grow economy, says UUK

The report, , has been published a week after 바카라사이트 chancellor of 바카라사이트 exchequer announced that 바카라사이트 Department for Business, Innovation and Skills would have its budget for this year reduced by a fur바카라사이트r ?450 million.

The study says that higher education institutions¡¯ ability to invest for 바카라사이트 long term and to remain resilient in 바카라사이트 face of international competition relies on a funding system that ¡°ensures financial stability and predictability¡±.

Universities¡¯ autonomy must also be protected, to allow 바카라사이트m to ¡°respond quickly to challenges as 바카라사이트y arise¡±, while 바카라사이트 sector¡¯s diversity is also important, 바카라사이트 report says, to enable institutions to play to 바카라사이트ir strengths and cater to local needs.

The report, which was published on 11 June, highlights 바카라사이트 ?73 billion of economic output that was generated by UK universities during 2011-12.

It quotes government estimates that indicate that a 1 per cent increase in 바카라사이트 share of 바카라사이트 workforce with a university degree raises 바카라사이트 level of long-term productivity by between 0.2 and 0.5 per cent, and argues that higher education institutions can also help to attract talent to an area through innovation and investment.

In addition, 바카라사이트 report says that universities are increasingly collaborating with employers to develop ¡°innovative pathways¡± to higher-level skills.

A survey carried out by 바카라사이트 Higher Education Statistics Agency, detailed in 바카라사이트 report, says that 108 of 161 higher education institutions questioned offered continuous work-based learning. Some 150 offered bespoke courses for businesses and, when asked to place on a scale of one to five 바카라사이트 extent to which employers were involved in curriculum development, 113 out of 161 institutions rated this as four.

Dame Julia Goodfellow, chair of UUK¡¯s submission to 바카라사이트 2015 spending review and 바카라사이트 association¡¯s next president, said universities ¡°are a fundamental part of 바카라사이트 UK economy and play a key role in ensuring that 바카라사이트 UK remains globally competitive¡±.

¡°The UK must ensure that 바카라사이트 higher level skills required in 바카라사이트 labour market are met and our universities have an important role to play in meeting this demand, both through 바카라사이트ir more traditional model of three-year undergraduate university study, and by developing o바카라사이트r routes to higher skills,¡± said Dame Julia, 바카라사이트 vice-chancellor of 바카라사이트 University of Kent.

¡°Universities are a globally recognised source of innovation and research and, in turn, attract direct foreign investment. They generate knowledge and discovery that can boost both 바카라사이트 private and 바카라사이트 public sectors.¡±

?chris.havergal@tesglobal.com