Where to find £500m or so?

According to “THE” (that’s going to take a bit of getting used to – “have you seen the “THE” then?”), it’s a total savings package for DIUS of around £1.5B.

A quoted DIUS VFM report says:

“Key areas being targeted are in higher education institutions, including procurement savings, shared services, better use of information and communications technology and of accommodation space.”

pig in a poke

A slightly different angle emerges in the Secretary of State’s grant letter to HEFCE where there is an expectation that HE will find £500m by 2010-11 in the areas of shared services, procurement and rationalising funding streams.

Whatever the precise source of proposed savings, this all seems to be slightly on the over-optimistic side?

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