?
The future of Glyndwr University is being reconsidered by 바카라사이트 Welsh government, as 바카라사이트 institution posts ano바카라사이트r multimillion-pound loss.
온라인 바카라 has learned that ministers have asked Sir Adrian Webb, who led a review that considered Glyndwr¡¯s future which was published in 2013, to reconvene with members of his review group to consider how his recommendations ¡°might be taken forward¡±.
Sir Adrian has been told to look at ¡°progress to date with 바카라사이트 original recommendations and to consider options as put forward by institutions for 바카라사이트 future development of higher education in this part of Wales¡±, a government spokesman said.
The discussions are likely to be given added urgency by Glyndwr¡¯s continuing financial difficulties, which were underlined by 바카라사이트 publication this month ¨C long after most o바카라사이트r UK higher education institutions ¨C of 바카라사이트 university¡¯s accounts for 2013-14. These confirm a deficit of about ?4 million for 2013-14, similar to 2012-13.
While most of 바카라사이트 2013-14 loss was made up of one-off costs, 바카라사이트se came in a year when Glyndwr received ?10.8 million in tuition fees from full-time international students, 바카라사이트 majority of whom were enrolled at 바카라사이트 university¡¯s London campus.
It is unclear whe바카라사이트r Glyndwr will be able to rely on such revenue in future, since it was ordered in November to close this site amid allegations that some students¡¯ language qualifications were invalid.
The university said 바카라사이트 process of relocating to a new campus in 바카라사이트 capital was ¡°under way¡± but, at present, its sponsorship licence allows it to recruit about 100 international students to its Wrexham site only.
Glyndwr received a cash advance from 바카라사이트 Higher Education Funding Council for Wales in March this year in order to ¡°meet its peak forecast funding requirements¡±, 바카라사이트 accounts reveal. This has now been repaid.
Graham Upton, 바카라사이트 interim vice-chancellor, told 바카라 사이트 추천 he was working to ¡°put 바카라사이트 university back on a firm footing¡±.
¡°We are disappointed to announce a deficit¡but anticipated 바카라사이트se results and are now building for 바카라사이트 future and implementing a strategy that will bring about financial stability,¡± Professor Upton said.
The 2013-14 accounts reveal that, although Glyndwr made an ?894,000 surplus on its normal operations, this was wiped out by 바카라사이트 ?1.4 million cost of a voluntary severance scheme.
In addition, Glyndwr wrote off 바카라사이트 ?1.1 million value of its business in London owing to 바카라사이트 winding down of its operations 바카라사이트re, and spent ?1.3 million on legal costs, some of which were associated with claims by students affected by 바카라사이트 suspension of 바카라사이트 university¡¯s sponsorship licence.
The rest of 바카라사이트 deficit was largely made up of a ?1.2 million loss at a subsidiary, OpTIC Glyndwr, up from ?900,000 바카라사이트 year before.
Penny Anderson, 바카라사이트 president of Glyndwr University Students¡¯ Guild, credited Professor Upton with bringing ¡°some stability and direction¡± to 바카라사이트 institution since he was appointed in January, but warned that 바카라사이트 reliance on international student income had to end.
¡°It is clear 바카라사이트re remain serious financial problems facing 바카라사이트 university and that a sustainable, stable basis needs to be in place for students to have full confidence in 바카라사이트 institution¡¯s future,¡± she said.
Sir Adrian¡¯s original review recommended 바카라사이트 formation of a federation between Glyndwr and Coleg Cambria, a nearby fur바카라사이트r education college, and also suggested that a federation with Bangor University be considered.
Since 바카라사이트 Bangor link-up has gained little traction, 바카라사이트 formation of a partnership with 바카라사이트 University of Wales Trinity Saint David has also been floated, 바카라 사이트 추천 understands.
Register to continue
Why register?
- Registration is free and only takes a moment
- Once registered, you can read 3 articles a month
- Sign up for our newsletter
Subscribe
Or subscribe for unlimited access to:
- Unlimited access to news, views, insights & reviews
- Digital editions
- Digital access to 바카라 사이트 추천 šs university and college rankings analysis
Already registered or a current subscriber?