UNIVERSITIES MUST prepare water industry style asset management plans (AMPs) so they can win Government cash for new buildings and refurbishment work, consultants said this week.
The Government is more likely to boost higher education infrastructure funding if universities can prove why and where any extra cash will be spent, said funding advisor JM Consulting.
Water companies have to produce AMPs for water regulator Ofwat so that they can justify investment levels and Ofwat can set limits on price increases.
JM Consulting made the recommendation in a Higher Education Funding Council for England (HEFCE) report published last week.
HEFCE infrastructure head John Rushforth said he hoped AMPs would help persuade the Treasury to boost spending on higher education in this year's Comprehensive Spending Review.
'If you are going to make a case to the government for more money, the government is going to want to be assured any funding gaps will not reappear, ' he said.
The JM Consulting report also identifies £5bn worth of urgent remedial work in Britain's universities.
Many university buildings built in the 1960s and 1970s are nearing the end of their design life and are in poor condition, it says.
Buildings are often poorly designed and lack space.