The University of South Wales (USW) is facing a £6m deficit in its current financial year due to a significant rise in non returning students and running costs.
In an internal email to university staff its Vice-Chancellor, Dr Ben Calvert, said the higher education institution will have to look at in-year and medium term efficiency savings - although it wouldn’t clarify if this could see a reduction in staffing levels. The university employs more than 2,600 staff of which 1,600 are academic related.
For its current 2022-23 financial year, which runs to July end, Dr Calvert said while its number of enrolled international students was significantly higher than in the previous two academic years, it was still below target. This he said was partially down to some students deferring to the February 2023 intake. He also confirmed that USW was able to enrol 253 more UK full time undergraduate home students than the initial target - although this was still 3% fewer than in September 2020.
