Funding for Oxford Brookes University has seen a rise of 0.6 per cent in the UKâ€™s annual higher education budget.
Funding for Oxford Brookes University has seen a rise of 0.6 per cent in the UK’s annual higher education budget.
This is while the Government’s higher education funding body, Hefce, announced a sector-wide reduction of £573 million or 1.6 per cent across the sector.
John Raftery, Pro Vice-Chancellor (student experience), pictured, said: “We recognise that these are tough times for the economy and the public sector. The increase Brookes has experienced may not be a huge amount but we welcome the recognition of our continued excellence in teaching and learning, reinforced by successful research.
“We have become a success story for higher education – balancing a traditional focus with the need to provide highly skilled graduates prepared for the world of business and enterprise.
“Research shows that every pound spent on universities generates wealth elsewhere. Oxford Brookes delivers an estimated £1m a day to the local and national economy. The increase we have seen in the latest budget round is because universities like Brookes underpin a strong knowledge and skills economy which will help carry the country out of the financial crisis.”