§ 22. Mr. BayleyTo ask the Secretary of State for Education and Employment if she will make a statement about the level of funding for universities. [25100]
§ Mr. ForthTotal public expenditure on higher education in the UK is over £7 billion, some 20 per cent. of total education expenditure. The November 1995 Budget settlement confirmed the 1994 plans for higher education recurrent expenditure. Planned capital expenditure was reduced in line with capital provision in most other public expenditure programmes, reflecting the policy that capital should, wherever possible, be financed through private finance schemes.