§ Mr. SteenTo ask the Secretary of State for Education and Skills how many universities and colleges are facing deficits in their budgets in the current financial year; and what estimate he has made of the cost to universities of remedying current budget deficiencies over the next(a) three years and (b) seven years. [87309]
831W
§ Margaret Hodge[holding answer 17 December 2002]: In 2000–01, there were 48 higher education institutions in England with budget deficits out of a total of 130. Universities receive funding from a variety of sources, both private and public and set out their accounts in their annual reports. The Higher Education Funding Council for England works with institutions in financial difficulty to enable them to return to a sound financial position over time. The Government's plans for public funding for future years will be announced alongside the higher education strategy document in January.