Government funding of universities to hit 100-year low - Civil Society - Fundraising - News - providing news and in-depth coverage of charities, voluntary organisations and not-for-profits

Government funding of universities to hit 100-year low - Civil Society - Fundraising - News - providing news and in-depth coverage of charities, voluntary organisations and not-for-profits: Universities will have to rely increasingly on fundraising and student fees as a new report finds that government funding of universities is set to plummet to a proportion not seen since the early 20th century.

Government reforms to university funding will see the income universities receive from the public coffers drop to 15 per cent of total income by 2014/15, nearly half the proportion made up by government funding in 2010/11. The University and College Union (UCU) estimates the total government funding of universities in 2010/11 at �6.6bn and predicts it will fall to a total of �3.7bn in the following three years.