Tag Archives: UK Higher Education: Doing The Maths On Crony Capitalism

John Ward – UK Higher Education: Doing The Maths On Crony Capitalism – 24 October 2013

Cgoveunititleoalition Uni policy: costs to Treasury UP, costs to students UP, quality across the board DOWN

A written submission to the House of Commons Public Accounts Committee of 6 December 2012 noted, among other things, that the cash paid to private colleges has trebled in one year and now exceeds £100m.

At the same time, the number of students studying with private colleges on unregulated courses has doubled in one year; 23 per cent of the total public money involved was captured by one provider, the Greenwich School of Management, which is owned by the private equity fund Sovereign Capital; Sovereign Capital’s co-founder advised the government on public sector reform, and is now government spokesman on education in the House of Lords. Continue reading