Why can’t the capital plan money be used to help save people’s jobs?
A. The money for capital developments comes from a variety of sources – in particular, capital grant from the Higher Education Funding Council for England (HEFCE), bank loans and proceeds from the sales of buildings. If the University does not spend capital grants for buildings, we would have to give it back. Banks would not normally lend us money just to pay salaries. And, even if we were to use property sale proceeds to pay wages, it would only help for a very short period of time and not solve the recurrent problem.
