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CSR: Further and higher education hit hard

The Chancellor has cut the higher education budget by 40%. 

Following today's Comprehensive Spending Review, the Department for Business, Innovation and Skills - which is responsible for further and higher education - will see its budget fall by 21%, from £18.6 billion this year to £14.6 billion in 2014-5.
Treasury documents released today suggest that "reforming Higher and Further Education funding which will deliver broadly 65%" of the £3 billion cuts in BIS's resource budget.
The higher education budget, excluding research funding, will fall by 40%, from £7.1 billion at present to £4.2 billion by 2014-5.
The further education budget will also be slashed, by 25%, from £4.3 billion today to £3.2 billion in 2014-15.
The science budget, however, will be maintained in cash terms. And the government pledged to "boost spending on adult apprenticeships by £250 million a year", funding up to 75,000 extra apprenticeship places a year.

Posted on: 20/10/2010

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