The Impact of COVID-19 on the Purpose Built Student Accommodation Sector – Part 2 Government Support Package Announcement
Government Support Package Announcement
Following on from our recent blog on 30th April 2020, below we summarise the UK government’s recent announcement of funding to the higher education sector and what this could mean for purpose built student accommodation (PBSA).
Set within a nationwide context where virtually every sector in the UK is experiencing some form of distress and financial difficulty, the UK government has published a series of measures dedicated to the higher education sector that are intended to help sustain universities and provide stability to prospective students over the coming months.
These measures show the UK government recognises higher education as a major contributor to the economy. Universities UK previously reported the sector generates in excess of £95 billion for the UK as well as being one of the largest exports the UK has to offer …