The University of York, a member of the Russell Group, has reported a deficit of £24 million after a 16 per cent drop in its international student numbers, while also blaming the impact of England’s “unsustainable funding model”, in another alarm over UK sector finances.
York went from a £14 million surplus in 2021-22 to a £24 million deficit in 2022-23, once movement in provision for the Universities Superannuation Scheme pension fund was excluded, according to its recently published financial statements.
Its operating deficit stood at £14 million, compared with a £15 million surplus the previous year.
That sheds further light on the situation at York, after the Financial Times reported on an internal memo showing the university was lowering admission requirements for some international students in light of “financial challenges”.
