__________________________________________________________________
Minutes of the meeting of General Assembly
held on 9 FEBRUARY 2011
Present:
28 members signed the attendance list.
1.
Minutes
The Minutes of General Assembly held on 10 March
2009 were accepted as an accurate record.
The Minutes of General Assembly held on 21 June
2010 were accepted as an accurate record.
2.
Matters Arising
There were no matters arising.
3.
Vice-Chancellor’s Report
3.1
The New Funding Environment
The Vice-Chancellor began her report by
highlighting the successes of the University, noting in particular that
Loughborough had made significant progress on its strategy ‘Towards 2016’.
Loughborough was a financially robust, leading institution. These successes would
assist when meeting the challenges presented by the current financial
climate.
The Vice-Chancellor reviewed the challenges
facing the HE sector, and noted that as a result of the Comprehensive Spending
Review, Higher Education faced cuts of 40% over the next four years (with
teaching income reduced by 80% during this time). It was anticipated that funding
for Band C and D programmes would be fully withdrawn by 2012/13 and that public
funding for teaching would be completely focused on priority subject areas.
It was noted that the government had approved
a new system of graduate contributions and that this would see the tuition fee
cap raised to £9K. It was likely that the facility to
charge this level of fees would be linked to an new
Access Agreement due to be submitted in March 2011. The cost of student loans
would need to be controlled by the government with any overspend likely be
recovered via the HEFCE settlement. A Higher Education White Paper addressing
some of these issues was expected in Spring 2011. The
Vice-Chancellor highlighted that the Browne Report had envisaged a future
market driven by student choice.
It was acknowledged that higher fees did not
represent enhanced income to the sector. Instead, greater student contributions
towards tuition would simply replace the funding lost as a result of the
forthcoming cuts. Public perception would not necessarily reflect this.
3.2
Financial Position at Loughborough
The Director of Finance then addressed the
key points of the December 2010 BIS letter to HEFCE, concerning allocations for
2011/12. 2011/12 would be a year of transition and it was noted that whilst the
cuts would begin to take effect from April 2011, higher tuition fees could not
be charged until 2012/13.
The Teaching Grant would be reduced by 6%,
and it had also become apparent that there would be a further concentration of
Research funding, including a removal of funding for 2* research. Capital
funding would be reduced by 61% (Research) and 54% (Teaching). The interaction
between the University and industry would become ever more important as HEIF would
further reward high performing institutions.
The University faced immediate and difficult
decisions, with a requirement to submit a tuition fee proposal and Access
Agreement by the end of March 2011, but without full details of plans for
government funding beyond 2012-13. The sector faced several years of change.
It was reported that extensive scenario
planning had been undertaken with regards to various tuition fee options.
Viable levels of surplus to maintain capital investment in the campus would
only be generated at a tuition fee level of £9K.
It was noted that a number of Value for Money
programmes were in place and that through services working more effectively
together, costs could be reduced. It was also reported that a Group had been
set up to plan strategy for the new fee regime and that in particular the views
of current Loughborough students were being sought.
In response to a question, the
Vice-Chancellor noted that the view of current students appeared to favour a
uniform fee that would reflect the importance of the Loughborough ‘Student
Experience’. However, it was noted that students paying more for courses that
cost less to deliver could prove divisive.
4. University
Structure
The Vice-Chancellor provided an update
regarding the ongoing implementation of the new University structure – the key
focus of which was to ensure that the University was operating robustly in
light of the challenging external environment.
The Project Management Board had made good
progress and 9 out of 10 Deans of School had been appointed. The appointment of
Associate Deans, Heads of Department and Operations Managers was imminent and a
much more consistent management structure across the ten schools was the
intended outcome.
It was noted that in terms of communication,
a website had been established which included FAQs as well as an updated
timeline. Q&A sessions had been held in January and it was anticipated that
these would be extended.
It was noted that a paper addressing the proposed
changes to the Charter and Statutes had been made available via the agenda. Any
comments regarding these should be directed to the Academic Registrar.
5.
Pay and Pensions
The Chief Operating Officer reported that the
UCEA had made a final offer of 0.4% which had been rejected by UCU. The EIS
dispute process had been exhausted and UCU were balloting their members with
regard to industrial action. UCEA will proceed with the 0.4% increase, with
effect from 1 August 2010.
The USS Pension consultation had ended in
December 2010 and revised proposals had been prepared. These included amended provisions
relating to members re-joining the scheme and the promotion of support staff
into USS eligible posts. The USS Joint Negotiating Committee would consider
these proposals, with any agreed changes to be implemented in April 2011.
6. Any Other Business
There were no
other items of business.
7. Date of Next Meeting
To be
confirmed.
_________________________________________________________________________
Author: Mark
Lister/Jennifer Nutkins
Date: 15th
March 2011
Copyright
© Loughborough University.