{"id":88305,"date":"2020-04-23T18:19:49","date_gmt":"2020-04-23T17:19:49","guid":{"rendered":"https:\/\/mancunion.com\/?p=88305"},"modified":"2020-09-11T09:43:17","modified_gmt":"2020-09-11T08:43:17","slug":"uom-lose-270m-due-to-covid","status":"publish","type":"post","link":"https:\/\/mancunion.com\/2020\/04\/23\/uom-lose-270m-due-to-covid\/","title":{"rendered":"UoM reveals potential loss of over \u00a3270m due to COVID-19"},"content":{"rendered":"
Dame Nancy Rothwell sent an email to the University of Manchester\u2019s staff at 11:01am today, detailing the \u201csignificant loss of income\u201d to the school in the current financial year.\u00a0<\/span><\/p>\n The University predicts a major reduction from the income earned from students\u2019 course fees, stating that \u201cit is possible that 80% of all international students and 20% of home\/EU students will be lost.\u201d\u00a0<\/span><\/p>\n This translates to a potential loss of over \u00a3270 million. As a result, the University is preparing for a \u201creduction in our total annual income of between 15 and 25%.\u201d<\/span><\/p>\n The University also predicts a loss of income from student halls, catering and other commercial activities, as well as research income from charities and other organisations.\u00a0\u00a0<\/span><\/p>\n\n
\u201cIt is possible that 80% of all international students and 20% of home\/EU students will be lost.\u201d\u00a0<\/strong><\/h3>\n<\/blockquote>\n