Cumbria University Bailed Out
The University of Cumbria, which is nearly £30m in debt and on the HEFCE watch-list of vulnerable universities, received a cash advance from HEFCE so that it could pay staff.
Earlier this year it was confirmed the university, which opened in August 2007, was closing its Ambleside campus as part of a money saving programme, which saw the scrapping of plans to build a new £70m headquarters in Carlisle, cuts in courses and the loss of 200 jobs …