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Shaping Up For Innovation: Are we delivering the right skills for the 2020 knowledge economy?

Shaping Up For Innovation: Are we delivering the right skills for the 2020 knowledge economy?

Laurence Hopkins and Charles Levy
22 September 2010

Contrary to popular belief, the UK actually needs more graduates. Despite the dramatic expansion in students graduating each year, the economy does not have an oversupply of graduates - high unemployment is affecting graduates in the short-term, but as the economy recovers long-term demand will increase as the knowledge economy develops.

These graduates also need to have better quality skills in the right areas to support the sectors that will drive recovery and economic growth over the next decade - policy should focus on whether the current output from universities fully meets the needs of modern industry and the innovation system.

The report concludes by considering the options available to the government for financing a sustained expansion in the higher education sector. The evidence confirms that the only viable option will be to increase fees. The challenge will be for the government to implement this in a way which maximises access.

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