Evidence-based policy paper analysing governance, market, and fiscal risks in England’s higher education sector, featuring the HEPI case study and reform proposals to embed fiduciary openness and independent oversight.

This policy report argues that UK higher education should be treated as critical national infrastructure. It highlights systemic risks from market fragility, fiscal exposure, and governance opacity, and sets out reforms for fiduciary openness, resilience planning, and conflict-proofed oversight.