Innovation 'stifled by fund gap'

January 25, 2002

Scottish higher education's capacity to innovate is being undermined because it is having to use externally raised funds to subsidise teaching, according to a submission to the Scottish Executive's 2002 spending review from Universities Scotland.

Interim findings from the Treasury-driven "transparency review" suggest a teaching funding deficit of between 2 and 4 per cent.

Analysis by the Scottish Higher Education Funding Council shows that the sector's liquidity is not healthy. "The number of days the sector could sustain itself on the basis of its reserves varies between 22 and 29 over the period of the spending review," Universities Scotland said.

"A financially healthy sector would expect to see liquidity of something more like 90 days."

Shefc's total budget is set to rise to £643 million in 2002-03 and £655 million in 2003-04, but Universities Scotland said basic funding, excluding top-sliced initiatives, should be £738 million next year, rising to £814 million.

You've reached your article limit.

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments

Have your say

Log in or register to post comments

Most Commented

James Fryer illustration (27 July 2017)

It is not Luddism to be cautious about destroying an academic publishing industry that has served us well, says Marilyn Deegan

Jeffrey Beall, associate professor and librarian at the University of Colorado Denver

Creator of controversial predatory journals blacklist says some peers are failing to warn of dangers of disreputable publishers

Hand squeezing stress ball
Working 55 hours per week, the loss of research periods, slashed pensions, increased bureaucracy, tiny budgets and declining standards have finally forced Michael Edwards out
Kayaker and jet skiiers

Nazima Kadir’s social circle reveals a range of alternative careers for would-be scholars, and often with better rewards than academia

hole in ground

‘Drastic action’ required to fix multibillion-pound shortfall in Universities Superannuation Scheme, expert warns