HEFCE Annual Meeting 2012 Royal College of Obstetricians and Gynaecologists 22 November 2012 Alan Langlands

review of the year strong foundations and the case for higher education what matters? going forward students at the heart of the system Higher education and HEFCE in

Review of the year

higher education: £59 billion output contribution to the UK economy 82% overall student satisfaction rate UK accounts for 12% of the international student market UK research base second globally in excellence; most efficient in the G8 UK economy 8 th in Global Competitiveness Index increase in HE/business knowledge exchange: 35% in 10 years Strong foundations

HEI sources of income ( to )

HEI operating surpluses as a percentage of total income ( )

Elevator challenge

Education quality assurance and enhancement improving access to information about higher education working with partners on strategically important and vulnerable subjects and skills valued by employers targeting teaching funding for public benefit

sustaining the balance between curiosity driven research and work targeted on national priorities dual support and QR investing in infrastructure and human capital long-term commitment of funding vibrant postgraduate and postdoctoral communities the Research Excellence Framework (REF) Research

for every £1 invested via the Higher Education Innovation Fund, £6 of external income is generated £3 billion of ideas and services to business generated by HE in CBI Education and Skills Survey 2010 Knowledge exchange

£1.1 billion investment in widening participation in fair access the widening participation ‘life-cycle’ Social mobility

government priority is ‘to achieve strong, sustainable and balanced growth’ HEIs have a unique role in supporting economic growth, sitting at the intersection of education, research and knowledge exchange increasing recognition of the many and varied contributions that HEIs make to the economy and society £50million HEFCE Catalyst Fund:  enhance the economic anchor role of universities and colleges within their localities  stimulate undergraduate, postgraduate and post-doctoral enterprise and work placements  support innovation-led growth in key sectors Economic growth

a more diverse, dynamic and open system of undergraduate education a continuing focus on fair access and widening participation a shared commitment to invest in postgraduate education sustained funding for science and research (including charity and business support) and investment in the next generation of researchers universities and colleges as key contributors to achieving strong, sustainable and balanced economic growth a willingness to review progress and deal with the unintended consequences of change Policy themes

HEFCE and higher education reform

Regulatory building blocks Quality assurance Fair access and widening participation Dispute resolution Information -for students -for citizens Public expenditure controls and financial sustainability Fair access and widening participation Quality assurance Dispute resolution Information for students and citizens

A new narrative

Students at the heart of the system

Broadway producer Billy Rose “Your ballet a colossal success. Would be even greater success if you agree to certain modifications in instrumentation” “Your ballet a colossal success. Would be even greater success if you agree to certain modifications in instrumentation”

Broadway producer Billy Rose Igor Stravinsky “Your ballet a colossal success. Would be even greater success if you agree to certain modifications in instrumentation” “Your ballet a colossal success. Would be even greater success if you agree to certain modifications in instrumentation” “Quite content with colossal success”

Thank you for listening