°×С½ãÂÛ̳

"While we understand the concerns around the cost of accommodation in London, it is inaccurate to suggest that °×С½ãÂÛ̳ is making a profit for the university. All of the money that °×С½ãÂÛ̳ receives in rent is ploughed back into residences. While the proportions may vary year to year, we invariably spend more on residences than we receive in rental income. The document linked to below includes an FOI response that sets out the sums involved for the five years ended July 2014.

"We make every effort at °×С½ãÂÛ̳ to keep rents as low as possible, which is a difficult challenge considering our central London location. Our rents are competitive in comparison with equivalent London institutions, and far less than rates for comparable accommodation in the private sector.Ìý

"The NUS's accommodation costs survey recognises °×С½ãÂÛ̳'s efforts in this regard, and acknowledges the university's commitment to keeping a significant proportion of its accommodation in the lowest cost band of £120-150 a week."

Update - 4 February 2016

At a meeting held last night (3rd February) at Max Rayne House, °×С½ãÂÛ̳ Estates senior management met with students to discuss issues raised around affordability of student accommodation at °×С½ãÂÛ̳ and in London.

It was agreed by all that this is a serious concern, and °×С½ãÂÛ̳ Estates have undertaken to make time to meet on an ongoing basis with representatives of the Cut the Rent campaign in a bid to resolve some of the issues raised. While it was made clear that the campaign's demand for a 40% rent cut cannot be accepted, °×С½ãÂÛ̳ does wish to explore ways in which it might be possible toÌýmitigate financial pressures on students resulting from housing costs in London.

Links

• Response to °×С½ãÂÛ̳ Student Union request relating to accommodation costs (PDF)