Glyndŵr University response to Hefcw grant allocation, 2012/13 academic year
29 March 2012
Glyndŵr University has responded to the grant allocation announced by Hefcw today.
Professor Michael Scott, Vice-Chancellor and Chief Executive of the university said: “Naturally, the university is disappointed at the announcement today. However we were anticipating a reduction on this scale and have been planning for it for some time.
“When setting fee levels for students for 2012/13 we deliberately opted for fees which would lessen the burden of debt on our students and the Welsh Government while at the same time meeting the social justice and economic development aims of the Welsh Government.
“It is a shame therefore that the University is being disadvantaged compared to other universities for following government policy.
“As the fastest-growing university in Wales, Glyndŵr University has done everything possible to develop income from a wide range of areas, and is confident that this trend will allow us to make up this reduction in funding quickly.
“Through this and our continuing prudent financial planning and management Glyndŵr University is in the fortunate position of having no debts, mortgages or loans. This provides a solid financial foundation to allow us to overcome this short term pain for the longer term benefit of learners of North East Wales.
“As a university we are constantly monitoring our priorities to ensure that we are meeting the needs of the regional and national economy, and that our students have the best possible support and opportunities throughout their time at university and subsequent employment prospects.
“The university remains committed to providing excellent educational opportunities for people from all social and economic backgrounds. Indeed, figures released yesterday from the Higher Education Statistics Agency showed that Glyndŵr University is the best in Wales for recruiting students from low-participation neighbourhoods in Wales. We want to continue providing those vital opportunities to people from all backgrounds.”
Notes to editors:
Glyndŵr University’s average fee level is £6,643 for full-time undergraduate degrees in the academic year 2012-13. Fees are differentiated to reflect the cost of delivering courses, with foundation degree fees starting below £4,000. The highest fee paid will be £7,750 for courses in STEM (science, technology engineering and maths) subject areas. Both the overall fee levels and the differentiated nature of the fees were set with government priorities in mind.
Glyndŵr University has brought in a surplus of at least 3% of turnover every year since 2003, with the largest percentage increase in turnover in the period 2007 – 2010 of any university in Wales (28%, compared to 9% for Cardiff University and the University of Glamorgan)
Higher Education Statistics Agency performance indicators for 2010/11, released on Thursday, 29 March 2012 show Glyndŵr University has a higher proportion of students from low participation neighbourhoods than any other higher education institution in Wales. For young first-degree students this figure was 18.1 per cent, while for older and part-time students it was 19.2 per cent.
The most recent figures published by the Higher Education Statistics Agency show that Glyndŵr University graduates are the most employable in Wales. The agency’s annual Destination of Leavers from Higher Education survey found that of those who graduated in 2009-10, the employability rate was 94.7 per cent. 70 per cent of the overall total were employed in graduate level jobs. The statistics also showed that graduates started on an average salary of £21,965.