Uni denies bankruptcy claim
The University of Gloucestershire has denied claims it is facing bankruptcy.
A national newspaper today revealed government plans to allow poor-performing institutions to fold, which is alleged to include the University of Gloucestershire, London Metropolitan and the University of Cumbria.
All three were former polytechnics or further education colleges which have recently been given university status.
The plan will supposedly allow universities to go bankrupt from next month as part of huge further education reforms.
Business Cards From Only £10.95 Delivered www.myprint-247.co.ukView details
Our heavyweight cards have FREE UV silk coating, FREE next day delivery & VAT included. Choose from 1000's of pre-designed templates or upload your own artwork. Orders dispatched within 24hrs.
Terms: Visit our site for more products: Business Cards, Compliment Slips, Letterheads, Leaflets, Postcards, Posters & much more. All items are free next day delivery. www.myprint-247.co.uk
Contact: 01858 468192
Valid until: Sunday, May 26 2013
But bosses at the University of Gloucestershire, which has four campuses in Cheltenham and Gloucester, categorically deny the claims.
Paul Drake, director of external relations said: “The University of Gloucestershire has improved its financial position significantly. We are anticipating a healthy surplus at year end and have increased income by 6.8 per cent in 2009/10 whilst reducing costs by £2m.
“This is a university on an upward trend following excellent Quality Assurance Agency and Ofsted reports. Speculation about bankruptcy is grossly inaccurate and destructive.”
For the full story see Monday’s Echo.