By Vince Cable, Secretary of State, 15 July 2010
This is my first attempt to set out my views on the university, and wider, HE sector and my aspirations for it. The background is a very sombre and difficult one, financially. Without doubt the most serious within living memory. David Willetts and I are working together to find a way of dealing with it.
Much of what we have to say you might not like. But I hope you will accept that we are on your side and are looking for ways of turning this funding crisis into an opportunity for universities.
And precisely because this is going to be a time of difficult change for universities, it is important to be very clear that nothing I have to say challenges the basic fact that universities have a unique role. We cannot have an economically dynamic, socially mobile or culturally rich society without strong universities.