British Universities Turn to Capital Markets

By Patrick Blum. Facing government funding cuts and sharp spending increases, some British universities are turning to a new source of money — the bond market. 
English universities and colleges in particular are set to raise their infrastructure spending to 3.86 billion pounds, or $6.5 billion, this academic year, from £2.65 billion in 2012-13, the Higher Education Funding Council for England, the public sector paymaster for the sector, said last month. They plan to invest £3.3 billion a year for the next three years to improve their facilities. More...