Business Secretary Vince Cable and Universities Minister David Willetts have written to university Vice Chancellors and college Principals to outline their role in achieving Government savings.
However, they acknowledged that all recipients of public funds must play a part in reducing public debt.
BIS has already committed to achieving savings of £836 million, part of the Government’s plan to make £6.2 billion in savings for 2010-11.
The letter asked that universities and colleges:
- Apply restraint to all aspects of pay and bonuses
- Take steps to make immediate savings, including recruitment freezes
- Reducing discretionary spending, including IT projects, building projects, consultancy, travel, hospitality and marketing.