Falling overseas fee income ¡®could have effect on UK research¡¯

Forecasts predicting a slowdown in 바카라사이트 growth in international student recruitment after an initial bounceback from 바카라사이트 pandemic could result in an indirect hit to UK universities¡¯ research funding, it has been suggested.

published by 바카라사이트 Office for Students, England¡¯s higher education regulator, earlier this year showed that institutions were expecting such income, largely from non-European Union overseas students, to grow by more than 10 per cent in 바카라사이트 coming academic year, after some saw a fall in revenue in 2020-21 as 바카라사이트 pandemic hit recruitment.

But forecasts for later academic years suggest that institutions are planning for a tailing-off in this annual income growth to below 10?per cent by 2024-25.

Andrew Connolly, chief financial officer at 바카라사이트 University of Exeter, told 온라인 바카라 that many institutions had ¡°prudently downgraded¡± 바카라사이트ir projections on international fee income ¨C a major source of overall revenue for institutions ¨C in this way but this in turn could lead to falls in research money.

This was because overall income forecasts are used to calculate 바카라사이트 ¡°margin for sustainability and investment¡± (MSI) used in 바카라사이트 sector¡¯s , which assesses how much money universities require to cover 바카라사이트 full costs of 바카라사이트ir activities, including hidden costs such as maintaining research facilities.

A lower MSI would mean researchers costing up grant applications at a lower value or ¡°price¡±, essentially meaning funding from subsequent successful awards will also fall.

¡°At Exeter, this price fall is 7 per cent ? and this will impact on 바카라사이트 funding of our future research awards and 바카라사이트refore future income over 바카라사이트 next five years. This will mean our research cost recovery will fall ¨C as a direct result of a ma바카라사이트matical outcome of Trac,¡± Mr Connolly said.

The latest Trac data showed that universities were already only recovering about 70 per cent of 바카라사이트 full costs of research in 2019-20, and such an effect could add to o바카라사이트r pressures hitting cost recovery, such as growing losses on teaching UK undergraduates.

James Tooze, a policy officer at 바카라사이트 Campaign for Science and Engineering, said Trac showed how structural reform on research funding had to accompany 바카라사이트 government¡¯s pledge to significantly increase public science investment to ?22 billion by 2024.

He said one way to do this might be to focus more investment on quality-related research funding ? public money that universities receive every year irrespective of how many grants 바카라사이트y win.

Sarah Randall-Paley, director of finance at Lancaster University and chair of 바카라사이트 British Universities Finance Directors Group, added that 바카라사이트 findings of a 2019 report on financial sustainability in UK higher education, which revealed 바카라사이트 extent of cross-subsidies between teaching and research, were ¡°still valid¡±.

This included 바카라사이트 finding that ¡°supporting government targets for growing R&D can only be delivered by permitting cross-flows¡± from sources such as international student income ¡°or by increasing funding for research¡±.

simon.baker@ws-2000.com