The Higher Education Funding Council for England (HEFCE) is asking universities and colleges in England to present information about their income and expenditure in a way that is transparent and accessible to students and to the general public. This draws on research undertaken for HEFCE by Sockmonkey Consulting and the National Union of Students (NUS).
HEFCE has published guidance to institutions on how financial information can be presented more effectively. This guidance has been developed by the British Universities Finance Directors Group (BUFDG), GuildHE, HEFCE, NUS and Universities UK. It follows a request from the Department of Business, Innovation and Skills to HEFCE for universities and colleges to publish financial information more effectively.
For more details on what HEFCE is asking institutions to do, read its circular letter here. You can also read the reports prepared for HEFCE by Sockmonkey Consulting and the NUS Services research team.