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The Diamond Report
Effectiveness, efficiency and value for money are central concerns for the higher education sector. In England, decisions made by the current Government will effect a radical change in the funding for teaching. Institutions will be managing a reduction in public funding for teaching and the transition to the new system of graduate contributions, and at the same time these changes will bring with them enhanced student expectations and competition. Future funding models across other parts of the UK will differ from those in England, but the pressure to proactively manage costs and demonstrate value for money will nonetheless be present in equal measure.
This report finds that significant progress is already being made in this area and that there is an acute understanding of the need to act within the higher education sector that is closely linked to the emergence of a new funding environment. This progress is not a ways acknowledged, but at the same time there is substantial scope to achieve further cost savings and embed a continuous commitment to efficiency. Drawing on evidence from within the sector, and lessons from the wider public and private sectors, this report makes a series of recommendations of action that can help the sector realise this potential.