2013 Report details for project: HE Reform Programme

Project name: HE Reform Programme - there are 2 reports for this project: 2013, 2014
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Organisation: BIS (D3) - see all reports for this organisation
Report year: 2013 (data is from Sept 2012)
Category: Transformation - see all reports for this category
Description: To put higher education funding on a sustainable footing from September 2012 by shifting public spending away from teaching grants towards repayable tuition fee loans and contribute to eliminating the economic deficit while maintaining high quality in higher education. This overarching objective is supported by a number of subsidiary objectives with the following key deliverables: • Generation of £3 billion savings annually by 2014-15 • A single regulatory framework by Academic Year (AY)15/16 • Quality of HE provision maintained or improved from AY11/12 levels • Successful launch of the annual student support application cycle • An agreed Communications and Stakeholder Engagement Strategy and Plan
DCA (RAG): Amber
DCA text: Continuous monitoring and management of financial risk as more confirmed data becomes available for 12/13 and 13/14 cohorts. Levers to manage the financial risks will reduce as the percentage of T-Grant declines. Work underway to define the delivery of regulatory landscape reforms through non-legislative means. This may mean that some changes are later than original aspirations but no firm milestones are in place. (Not all of these changes are part of the programme but some impact on funding). As a result of the latest MPA review work is underway to review the exact scope of the programme and then align the governance and PMO support.
Start date: None
End date: None
Schedule text: Overall programme is on schedule and may deliver well before the current scheduled programme closure date.
Baseline: £370.00m
Forecast: £370.00m
Variance: 0.00%
Variance text:
Whole Life Cost: £4,600.00m
WLCost text: HE Reform affects the Academic year 12/13 onwards, with the system changes reaching full implementation by FY2015-16. Whole life costs represent the cumulative incremental RDEL costs over this period: made up of the RDEL impact of increases in maintenance loans, tuition fee loans and part-time fee loans, as well as increased maintenance grant, allowances and part-time fee grants, the new National Scholarship Programme and the additional administrative costs to SLC and HMRC of implementation. The figure is stated gross of any RDEL savings achieved through reducing the teaching grant. These reductions cumulatively exceed £9bn over the same period, meaning that the HE Programme delivers substantial RDEL savings overall.
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Sourcefile: BIS_2013.csv

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.