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State of the Nation Report 2023 - Higher Education
Welcome to the State of the Nation Report 2023 produced by RMP Risk Control. This document forms the basis of the third iteration of the report. The first was published in May 2021.
The 2021 report recognised that the Higher Education Sector had experienced a fundamental cultural shift in recent years with students viewing themselves as consumers. This shift had brought an increased level of scrutiny to the door of higher education institutions; requiring them to demonstrate ‘value for money’ for the quality of education being received by the students against the tuition fees payable. For the higher education sector; the challenge has been, and continues to be, to strike the right balance between the provision of high quality and affordable education whilst maintaining financial stability and encouraging investment and growth.
The 2022 report noted that many if not all of these pressures remain or have increased. In some aspects, such as operating costs and inflationary pressures, the task facing higher education institutions to manage these pressures may be even higher than it was previously.
In the twelve months since the last report, it appears that pressures and risks the sector face have had no rest bite. Sector funding cuts, vastly increased operating costs, energy cost increase and pressures on competition for students are just a sample of the challenges institutions have been managing in an increasingly competitive marketplace in order to attract both domestic and international students through their doors.
The sector is continuing to evolve and is working hard to keep pace with the challenges that these continuing pressures present.
Please download to read the full resource.
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