There is substantial evidence that funding for colleges and universities is an investment in the country’s future, both in terms of the ability to create jobs and help deliver social and economic equity. Currently spending on tertiary education by the UK is around 1.3% of gross domestic product. This compares to the average in OECD countries of 1.6%, with the UK well below leading economies such as the USA and Korea (2.6%), Canada (2.5%), Sweden (1.8%) and Japan (1.6%). We want the UK governments to take a lead in raising funding for tertiary education to the OECD average of 1.6% of GDP.
“Only being a lecturer I am not of a level that knows funding amounts, what I do know is that every year we seem to have less and less money to provide resources. This year we have already run out of money to buy as much as simple paper. The colleges answer is to get the students to buy it themselves, they don’t as they are generally from disadvantaged backgrounds.”