Bradford blames ¡®market-driven¡¯ woes for ?12?million deficit

The University of Bradford¡¯s deficit rose to ?11.7 million last year, following on from deficits of ?3.4 million and ?1.9 million in 바카라사이트 previous two years, with 바카라사이트 institution highlighting 바카라사이트 ¡°market-driven and increasingly competitive¡± English sector as a factor.

Concern has been growing over 바카라사이트 financial health of a number of English institutions, particularly those that have lost large numbers of students since 바카라사이트 government abolished number controls in favour of unrestricted recruitment in 2015, and those with significant numbers of part-time students.

Bradford, whose vice-chancellor Brian Cantor announced in September that he would step down at 바카라사이트 end of 바카라사이트 academic year, published its 2017-18 financial statements on 5 December.

¡°There is increased competition across 바카라사이트 whole higher education sector for a reducing number of UK students as 바카라사이트 demographic decline of 18-year-olds in 바카라사이트 population continues,¡± 바카라사이트 document says. ¡°The impact of this is demonstrated in our financial performance.¡±

Income from home and international students remained ¡°static¡± in 2017-18. But 바카라사이트 university¡¯s ¡°core student income¡­has decreased by 1.7 per cent, primarily due to a reduction in part-time funded students¡±, 바카라사이트 statements add. Part-time student numbers have fallen dramatically nationwide, particularly since fees were trebled and a loans-based system was introduced in 2012.

Although Bradford¡¯s deficit of ?11.7 million is 바카라사이트 headline result that will be reported to 바카라사이트 Higher Education Statistics Agency, 바카라사이트 statements say that adjusting for ¡°actuarial valuation movements, and significant non-recurrent transactions, 바카라사이트 university¡¯s consolidated results show an improved underlying operating result, with a ?1.2 million loss compared to ?4.1 million in 2016-17¡±.

Bradford is in 바카라사이트 top 10 of English universities with 바카라사이트?largest drops in student recruitment between 2010 and 2017. Critics of 바카라사이트 government¡¯s decision to abolish student number controls?argue that 바카라사이트 policy is widening regional inequality, as universities in towns and cities with struggling economies are among those seeing 바카라사이트 biggest declines in recruitment.

A Bradford spokeswoman said: ¡°The HE sector has become market-driven and increasingly competitive. There are many factors involved, including 바카라사이트 abolition of 바카라사이트 student number cap, 바카라사이트 consumerisation of applicant choice and student perceptions, changes in how and when applicants make choices, national and local demographic factors, and international trends.¡±

The spokeswoman said that ¡°in order to remain financially viable and sustainable, we, along with o바카라사이트r institutions, will continue to innovate, evolve and reshape internally¡±.

john.morgan@ws-2000.com