St Andrews University facing 'unknown horizon' as it faces £14m income hit

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St Andrews University is facing an “unknown horizon” as it seeks to absorb a £14 million hit in its income due to coronavirus.
University Quaestor and Factor Derek Watson, has conceded the institution  is preparing for an uncertain future with no sign of Covid-19 restrictions being completely lifted any time soon.
Giving an update to local councillors, Mr Watson said the release of students from their accommodation contracts at the start of the national lockdown had resulted in a £10m loss from residential business last year, but suggested that figure could be as high as £14m this year.
Covid-19 has also had an impact on the university’s research efficiency, which Mr Watson said had been “compromised” as fewer people were able to work in labs due to social distancing and less access to resources.

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