« | Home | »

Degrees Market

Tags: | |

The company secretary of the Russell Group, Glynne Stanfield, has told Times Higher Education that ‘universities could be in private hands in six months’:

Mr Stanfield said private equity firms or “trade buyers” (established private higher education providers) could buy out a university in its entirety and thus gain its degree-awarding powers…

A private equity firm or trade buyer could buy a stake in a university, providing the institution with working capital in return for using its degree-awarding powers overseas, for example.

Private buyers would want those degree-awarding powers for use overseas for “online and distance education”, Mr Stanfield said. “They would think there is a huge market in that, particularly in Asia and the Gulf.”

The firm buying a stake would see the degree-awarding powers as an intellectual property right, Mr Stanfield said. “What private equity wants to do is take that current IP right and brand and do more with it…”

Asked whether whole or partial buyouts by private buyers were likely in the near future, he said: “I would expect to see something within the next six months, maybe sooner…”

The government has refused to release papers from meetings between David Willetts, the universities and science minister, and private higher education providers.


  • Recent Posts

    RSS – posts

  • Contributors

  • Recent Comments

    • whisperit on In the Eating Disorder Unit: Thanks for posting this story, upsetting as it is. Up to my recent retirement, I had worked in the NHS for most of my career. In the last 6 years, I w...
    • teal125 on ‘Rita, Sue and Bob Too’ at the Royal Court: “Perhaps it was never as funny as middle class audiences liked to think”. I remember seeing the History Boys at the National over ten years ago ...
    • XopherO on Bigger Problems than Toby Young: Did anyone really think the OfS would be anything else than another representation of neoliberalism, of which Young is a keen representative? As Grouc...
    • Joe Morison on Bigger Problems than Toby Young: The occasional and inevitable ghastliness of inclusivity is a characteristically petty thing to hold against all the good it does and great things it ...
    • Graucho on Bigger Problems than Toby Young: The post WW2 government got 3 things roughly right. Health, higher education and broadcasting. Ever since then the political classes have been doing t...

    RSS – comments

  • Contact

  • Blog Archive

Advertisement Advertisement