The University of Gloucestershire has published its 2019/20 Financial Statements − the first set of results reflecting the impact of the Covid-19 pandemic on the university.
Demand for university places has been buoyant and the university is planning for further growth. The figures reveal that the university had a total income of £78 million, an operating surplus of 2.6 per cent of turnover and an increase in net assets to £92 million (the latter two figures both before pension charges).
Applications to study at the university were up 17 per cent to 11,813 compared with the previous year and the number of new students enrolled in September was up 14 per cent year on year to 3,408.
The university said that recruitment to nursing and allied health programmes has been particularly strong, with undergraduate acceptances up 20 per cent year on year.
Higher and degree apprenticeships continue to grow, with total apprentice enrolments during 2019/20 of 421.
Stephen Marston, Vice-Chancellor said: “We are pleased to have maintained a sound financial position, despite all of the many challenges created by Covid-19. The pandemic both increased our costs and reduced some revenues, and created huge disruption to our operations as well as stress and anxiety for staff and students. We have also faced further large increases in pension costs.
“But the University community has responded magnificently, rapidly switching teaching, learning and student support online. We re-opened the university in September as planned, and have been able to sustain throughout the autumn term a blended programme of online learning, campus-based and face-to-face activities. Students and staff have shown great resilience and adaptability, with a positive response to the activities we have been able to sustain on campus, despite lockdown restrictions.
“From March 2020 our recruitment activities also had to switch online. However, we have successfully increased applications and enrolments in September, with particularly strong demand in priority areas of our portfolio, including computing and cyber, nursing and allied health, and natural and social sciences. This reflects the impact of our award-winning “Who cares? We do!” recruitment campaign focused on what students care about.
“We continue to invest in new facilities and new courses, improving what we offer for students and meeting the needs of employers and our community. During 2021 we will be introducing new courses (including higher and degree apprenticeships) in nursing and allied health; biomedical sciences; and architecture, construction and the environment. I would like to pay tribute to the way the whole university community, staff and students, has risen to the challenges of an exceptionally difficult year, achieving real progress in very demanding times.”