US EditionDundee University Given £40m Bailout Using 'Unprecedented' Powers
- On Tuesday, the Scottish Government announced a £40 million bailout for Dundee University to address a £35 million financial black hole threatening its stability.
- This bailout follows a scathing SFC-commissioned Gillies review revealing serious governance failures and financial mismanagement at the university's highest levels.
- The bailout, delivered via the Scottish Funding Council over two academic years, was enforced through unprecedented ministerial powers due to exceptional circumstances.
- Interim Principal Nigel Seaton expressed gratitude for the support, stating it reassures stakeholders while Dundee works on a sustainable, long-term recovery plan.
- The funding is conditional on a recovery plan, signaling government commitment to stabilising Dundee University while requiring accountability and improved governance.
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Direct Support for Dundee University - Graeme Dey
Funding in Response to Unprecedented Situation Education Secretary Jenny Gilruth has confirmed up to £40 million funding in principle for the Scottish Funding Council (SFC) to support the University of Dundee’s recovery. Funding will be provided to the SFC over two academic years or three financial years. This is in addition to the £25 million funding announced by Ministers in February for the SFC to support universities facing financial challen…
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Leaning Left4Leaning Right0Center2Last UpdatedBias Distribution67% Left
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- 67% of the sources lean Left
67% Left
L 67%
C 33%
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