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Monday, 24 November 2014

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Cumbria university made more than £5m in last financial year

The University of Cumbria made more than £5 million – nearly £500,000 more than expected.

Peter Strike photo
Professor Peter Strike

The latest report, for the 2012/13 financial year, shows a surplus of £5.4m.

Vice-chancellor Peter Strike said they were “excellent results”.

“As the achievement of strong surpluses in the last three years demonstrates, we are well placed to respond and to continue to provide and promote excellent and accessible higher education,” he said.

“Our students continue to deliver great achievements that build on our national and international reputation and interest in studying at the University of Cumbria continues to be strong.”

He said they agreed their average tuition fee would be less than £7,500 as the majority of students came from state schools and colleges.

“Student satisfaction also improved significantly, and is now just under the overall average rate for the university sector as a whole,” he added.

“We’ve worked hard to secure our current position and our development activities will be of great benefit not only to our students and staff, but also to the local communities in which we are located.”

More than 3,000 graduates graduated, and Mr Strike said nine out of 10 were in work within six months of graduating.

He added: “We are determined that our ambitions for the coming years are fulfilled and we will remain focused on taking the right action to shape the institution for future success.”

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