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V. Foreign Higher Education and Education Systems, International Relations, Bilateral Relations
B. Essays, Commentaries, Statements
Author EVANS, G. R.
Title Due diligence, higher education funding and CMI Ltd
Publication year 2004
Source/Footnote In: Higher education policy. - 17 (2004) 1, S. 89 - 99
Inventory number 17583
Keywords Ausland : Großbritannien : einzelne Hochschulen ; Hochschule und Wirtschaft ; Wissenschaft und Wirtschaft
Abstract Recent Government policy has been strongly in favour of encouraging entrepreneurship and partnerships with industry. A flagship project backed by £68 m was launched by Gordon Brown as Chancellor of the Exchequer in 1999. Due diligence exercises by the DTI failed to ensure that value for money was obtained. What had been planned and announced as an educational charity became a Limited Company and the ban on using the money for commercial spin-outs was waived. There was imperfect quality control of projects and little control over costing. There appear to be funding lessons both for Government and for universities at a time when it is proposed to charge students top-up fees, for the sum given away by the Treasury here for one badly-supervised project represents the top-up fees of over 20,000 students. (HRK / Abstract übernommen)