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Universities are critical to Britain’s
Universities are critical to Britain’s future prosperity.We need a bigger,
better higher education system.We are investing £1 billion more in the
science base, and increasing public spending on higher education by
34 per cent in real terms. But graduates and employers must also play
their part. Our funding reforms will generate £1 billion of extra funds
by 2010; the abolition of up-front fees and the creation of grants will
help poorer students. A quarter of the income from the new student
finance system will go to bursaries for students from poorer families.
The maximum annual fee paid by students will not rise above £3,000
(uprated annually for inflation) during the next Parliament.