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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/outsourcing-can-help-uni-costs.jpg"><img class="alignnone size-full" title="Sharing services and outsourcing to the private sector can help universities reduce the costs, a report claimed" src="http://londonglossy.com/wp-content/uploads/2010/12/min-outsourcing-can-help-uni-costs.jpg" alt="Sharing services and outsourcing to the private sector can help universities reduce the costs, a report claimed"/></a></p>
<p>Universities could slash total costs by almost a third by sharing services and outsourcing to the private sector, a report has claimed.</p>
<p>Think-tank Policy Exchange said huge savings could be made through measures including merging finance, HR and student records departments and offloading responsibility for maintenance and accommodation.</p>
<p>In all it estimates that £2.7 billion could be saved across the entire higher education sector. It would mean universities could reduce potential student debt or protect teaching and research standards, the report claims.</p>
<p>Higher Education in the Age of Austerity argues that universities need to be more imaginative about the way they are run in order to cut costs.</p>
<p>It points towards the success of schemes such as Manchester Student Homes &#8211; a joint venture under which information and support services for students at Manchester and Manchester Metropolitan universities are pooled.</p>
<p>The report&#8217;s author, Alex Massey, also urges higher education administrators to be more imaginative.</p>
<p>For example, he calls on others to follow the lead of UCL, which has saved £250,000 a year by using Microsoft&#8217;s free email service.</p>
<p>Mr Massey said: &#8220;Too many universities operate in an outdated way. They&#8217;ve failed to recognise the savings and service improvements that could be obtained through engagement with commercial partners and the use of shared services.&#8221;</p>
<p>He added: &#8220;With students facing higher levels of debt, it really is time for universities to start taking efficiency and value-for-money seriously.</p>
<p>&#8220;Outsourcing and shared service arrangements would be a very good way to reduce costs and improve service quality.&#8221;</p>
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