Mergers on the cards as universities face cash shortfalls

CASH-STRAPPED universities face an 18-month funding gap as cuts to grants and the withdrawal of support to non-core subjects take hold.

Simon Adcock, partner in Deloitte’s corporate advisory team in Birmingham, said the timing of various changes to the funding of universities means there will be cash management challenges for the sector for the first time in years.

Birmingham University last month announced a tie-up with Nottingham University in a bid to share resources and cut costs.
 
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