Reporter 455, 25 September 2000

Investment welcomed

The Chancellorís spending review statement this summer, pointing to a halt in planned cuts in university funding for 2001-02 but giving no indication of sums for the rest of the three-year period, received a cautious welcome from the Committee of Vice-Chancellors and Principals.

The allocation of an additional £100m for higher education was the first real-terms increase in funding per student in a decade, said CVCP chief executive Diana Warwick. The Higher Education Funding Council for England said the increase recognised the role of universities in the new economy.

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