| Abstract: | This paper arises from research project funded by the DES which was concerned primarily with the impacts of, and nine British universities' responses to, the UGC's grant letters for 1981–82, dated 1 July 1981. At a time when future funding of universities is under review and Vice-Chancellors and Principals are faced with managing further financial reductions it considers some of the policy implications for the DES and UGC, provides guidelines drawn from experiences of managing significant financial reductions, and highlights the leadership and managerial roles of Vice-Chancellors and Principals. |
