Guildhall calls in consultants

London Guildhall University has called in consultants to assess plans to solve its long-term financial and accommodation problems.

The university and 바카라사이트 Higher Education Funding Council for England will jointly fund a study to "consider 바카라사이트 financial position of 바카라사이트 university and its plans to pursue 바카라사이트 estates strategy, to recoup 바카라사이트 shortfall in recruitment and to rebuild 바카라사이트 financial reserves to a prudent level".

The institution, formerly City of London Polytechnic, has been dogged by inherited liabilities and scattered, low-quality buildings which incur heavy maintenance costs. At one time its inherited liabilities were estimated to be 12 per cent of 바카라사이트 total for 바카라사이트 university sector. It has also suffered recruitment difficulties. This year's shortfall will force a Pounds 500,000 cut in expenditure.

The funding council has offered to capitalise 바카라사이트 inherited liabilities. This should allow plans for developments on two sites and withdrawal from some buildings whose leases are up in 바카라사이트 near future to be implemented. The consultants will report in November.

South Bank University heads of school have been told not to enter into major commitments until new budgets have been drawn up to meet an income shortfall from under-recruitment.