A report published today calls for universities to be at the heart of the economy to promote growth in the UK and improve the employability of our graduates.
The former vice-chancellor of the University of Hertfordshire and HEFCE board member Professor Sir Tim Wilson was asked by the Government to undertake a review into how universities work with business to ensure graduate skills and employability meet the needs of business, and to maximise the university sector’s capabilities in business-led research and innovation.
His report makes a series of recommendations for universities, business and the Government.
Business Secretary Vince Cable said:
“The best universities around the world are building deeper links with business. We must ensure our universities and businesses develop strong relationships to maximise innovation and ensure students come out of universities equipped to excel in the workforce.”
“The Government welcomes much of what Sir Tim says and will now carefully consider his recommendations in detail.”
Universities and Science Minister David Willetts said:
“Sir Tim’s review has identified a number of examples of how collaboration can work in the real world and the good practice that already exists. I’d now like to see this best practice spread more widely within and across universities, businesses, industry sectors and local areas.
“Sir Tim has produced a comprehensive and timely report. The challenge now is for universities and businesses – with government – to work together to drive forward these recommendations to ensure the long term world class competitiveness of our economy.”
Professor Sir Tim Wilson said:
“It is clear from my review that the UK has the potential to be a world leader in university-business collaboration, building on the diversity of collaborative networks, partnerships and supply chains that already exist. The key to success is on-going cultural change, strengthening and extending the relationships between business and universities. To achieve this; belief, commitment and leadership amongst universities, business and government is essential.
“If this potential is fulfilled, universities will be at the heart of our knowledge-based economy, collaborating with business and government to generate the wealth necessary for a healthy and prosperous society.
“I hope that my recommendations will act as a foundation for such future success.”
The report’s recommendations aim to:
· Produce graduates with knowledge and skills – specialist and generic – relevant to their future careers, and provide opportunities for students to integrate work and enterprise experience and study.
· Ensure there is a constant interchange of research, ideas and people between academe and business to sustain world class research within our universities.
· Embed a culture of pursuing the application of university based research excellence, optimising the use of government support in research, innovation and development.
· Create economic growth through partnership with Local Enterprise Partnerships and government agencies, leveraging each university’s capabilities to support UK companies and to attract inward investment.
· Build collaboration between universities, businesses and government agencies to identify areas of future knowledge and capability creation and identify where partners’ research investment should be made.
The Government will formally respond to the review recommendations in due course.