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Universities: Finance

Question for Department for Business, Energy and Industrial Strategy

UIN 114878, tabled on 12 November 2020

To ask the Secretary of State for Business, Energy and Industrial Strategy, with reference to his Department's Notice on Sustaining University Research Expertise (SURE) package, updated on 6 November 2020, what formula will be used to calculate the potential losses in international student income.

Answered on

20 November 2020

The updated Notice published on 6th November on the Sustaining University Research Expertise Fund (SURE) set out further details on the Fund, including the formula for calculating allocations, conditions of funding and next steps. This included confirmation that these losses from international student fees is being calculated. Calculations would be made using forecast data as at 30 October 2020, provided through the recent interim financial data collection exercise undertaken by the Office for Students, and equivalent processes in Wales and Scotland, compared against academic year (AY) 2018-19 baseline data.

Answered by

Department for Business, Energy and Industrial Strategy