THE University of Portsmouth has remained positive despite the announcement of huge cuts to its teaching and research budget.
It has seen its £60,543,000 budget allocation reduced by 5.8 per cent in cash terms – to £51,695,000 for 2011/12.
But John Craven, the university’s vice-chancellor, said the cuts were expected – and that their finances are in good shape.
The budget cuts come in more than a year before student university fees of up to £9,000 are introduced.
Mr Craven said the cuts were ‘broadly’ what they anticipated.
He added: ‘The university is financially sound.’
Many colleges which offer higher education courses will also see cuts of up to 10 per cent.
South Downs College in Waterlooville has been worst hit with last year’s allocated budget of £418,000 being scaled down to £376,000.
Fareham College and Highbury College follow shortly behind with 7.4 per cent and six per cent cuts respectively.
Dr Catherine Richards, vice principal of Fareham College – which recently announced plans to shed 32 staff and administration posts – said the cuts would not affect higher education provision at the college as planned adjustments to their fee structure had already been put into place.
She said: ‘There will be no impact on jobs as a result of this change.’