Author: Mark McLaughlin
Scottish universities stand to lose hundreds of millions of pounds and could collapse due to the coronavirus crisis, principals have warned.
Losses for this financial year are approaching £100 million and could be multiplied many times over in the years to come if lockdowns drag on around the world.
In the short term universities have lost rental income from students rushing home before the British lockdown was imposed. There will be no tourists to rent student accommodation over the summer.
The cancellation of venue hire for the Edinburgh festivals and other cultural events and conferences will also hit universities hard.