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London Metropolitan University

Volume 487: debated on Tuesday 3 February 2009

To ask the Secretary of State for Innovation, Universities and Skills what information his Department holds on the financial performance of the London Metropolitan University; and if he will make a statement. (252617)

Like other universities, London Metropolitan university receives grant from the Higher Education Funding Council for England (HEFCE) under a financial memorandum which sets out how it should properly account for its public funding. It is for the Funding Council to keep the financial health of the institutions it funds under review to protect the public interest, including ensuring that public funds are properly spent. Following the discovery that the university had received grant based on incorrect returns, discussions about the way forward are continuing between HEFCE and London Metropolitan university.