House of Commons · Written Ministerial Statement
COVID-19 Higher Education Restructuring Regime
16 July 2020 · Department for Education
Proposed by Gavin Williamson Con Stone, Great Wyrley and Penkridge
Summarised by AI from the official record, so it can contain mistakes.
At a glance
Key points
- The Higher Education Restructuring Regime has been established to address financial challenges faced by higher education providers due to COVID-19.
- The regime will support sustainable higher education providers in England who are at risk of market exit due to the pandemic.
- An independent board will guide the regime and ensure that interventions are based on a clear economic case.
Issue summary
The establishment of the Higher Education Restructuring Regime has been announced to address financial challenges faced by higher education providers due to COVID-19.
Action requested
I am announcing today the establishment of the Higher Education Restructuring Regime, which will support sustainable HE providers in England facing market exit risks caused by COVID-19, provided there is a clear economic case for intervention. This regime will be guided by specific policy objectives and supported by an independent board.
Key facts
- On 4 May, a higher education stabilisation package was announced to mitigate the impact of COVID-19 on HE providers.
- The Department for Business, Energy and Industrial Strategy announced further support in the Research Stabilisation Package on 27 June.
- Providers on the Office for Students register in the approved (fee cap) category are in scope for consideration for support through this regime.