Financial pressures on UK universities are now affecting the sector’s ability to collaborate with industry, data suggest.
Figures from the Higher Education Statistics Agency (Hesa) show that 76,619 university-business interactions occurred in 2022-23.
This was down by 5 per cent from the number registered in 2021-22, and the lowest level since at least 2014-15 – including years that were affected by the Covid-19 pandemic.
About a third of the interactions recorded were between UK providers and small and medium-sized enterprises, while two-thirds were with other commercial businesses.
