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Role for universities & colleges in reducing debt

Business Secretary Vince Cable and Universities Minister David Willetts have written to university Vice Chancellors and college Principals to outline their role in achieving Government savings.

From:
Department for Business, Innovation & Skills, 皇冠体育app Rt Hon Dr Vince Cable and 皇冠体育app Rt Hon Lord David Willetts
Published
27 May 2010
This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

In the letter, and highlighted the Government鈥檚 commitment to the further and higher education sector and its importance in helping rebuild the UK economy.

However, they acknowledged that all recipients of public funds must play a part in reducing public debt.

BIS has already committed to , part of the Government鈥檚 plan to make 拢6.2 billion in savings for 2010-11.

皇冠体育app letter asked that universities and colleges:

  • Apply restraint to all aspects of pay and bonuses
  • Take steps to make immediate savings, including recruitment freezes
  • Reducing discretionary spending, including IT projects, building projects, consultancy, travel, hospitality and marketing.

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Published 27 May 2010