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www.universitybusiness.co.uk | T: @UB_UK FINANCE AND MARKETS The latest news, views and reports on finance and legal issues in the higher education sector
University launches £4m fund for South West business
THE PRICE IS RIGHT...?
Higher education establishments must get to grips with pricing and address what value for money they offer students or risk losing out to competitors. The warning comes from global strategy
and marketing consultants, Simon-Kucher & Partners who have launched the white paper: Implementing value-based pricing in the Higher Education sector. “Until now excess demand in the graduate and
David Smith
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undergraduate market has relieved pressure on higher education organisations geting the price of their tuition fees right,” said David Smith, director at Simon-Kucher & Partners.
Businesses across the South West are set to cash in on a new £4m funding programme, run by the University of the West of England, Bristol. Available to both small-
and medium-sized enterprises (SMEs) and large companies, the Innovation 4 Growth scheme will part fund research and development projects with grants of between £25,000 and £150,000. Financed by the UK
Government’s Regional Development Fund, it will help businesses develop new or improved products, technologies, processes or services – safeguarding existing, or creating additional, jobs as a result. Professor Boddy, Pro-Vice
Chancellor, Research and Business Engagement, said: “We are delighted to offer support to promising enterprises across the South West. Not only in the Bristol area, but right across the region – from Truro to Tewkesbury, Bideford to Bournemouth – the fund will enable us to help businesses
innovate and grow. “Any company with plans
for research and development, or thinking about an innovative project, should consider applying. We would typically fund 35% of project costs for SMEs, and a bit less for larger companies – so a significant portion of expenditure can be claimed.” Professor Boddy also set the
scheme in the context of UWE Bristol’s wider strategy to support the business sector. “We are very proud of our long-standing reputation for collaborating with partners across many different sectors. We are the largest supplier of skilled graduates in the region and run an award-winning in-house service to help businesses find the skills they need. We have also led EU-funded innovation networks (the South West iNets) which have already assisted hundreds of the region’s research and technology focused SMEs and were highlighted in Lord Wity’s recent report for Government.
Expansion plans for Bonaccord
Bonaccord, the Scottish law firm which specialises in supporting science-based businesses, is expanding into north-east England. Founder Patricia Barclay
said: “We have always had more clients from outside Scotland than from within – in fact our very first client was an Australian biotech – and with growing interest in our services in north east England, it makes sense to set up a base here. We have been made really welcome at NETPark outside Durham, where we benefit from both the
University’s and local council’s interests in the Park.” Bonaccord is coming off a
very successful year in which it won a number of national awards, including UK Life Science Law Firm of the Year in two different award schemes. Patricia herself won the ACQ UK Leading Lawyer of the Year award in December. The firm will consider expansion into other areas as opportunities arise but Patricia says it will concentrate on those regions with a strong and growing science base.
Map image: © Micka |
Dreamstime.com. Durham image: © David Burdon |
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