Anchor institutions share three principal characteristics:
- Spatial immobility – strong ties to the local area
- Size – large institutions with significant purchasing power
- Non-profit – they tend to operate not-for-profit
This policy promises that the planned institutes of technology, which the manifesto pledges to establish in every major city in England, will become anchor institutions.
There are four related policies regarding the new institutes of technology (see “Related policies” below). All of those are currently ‘in progress’ because the institutes are not yet established, the first being scheduled to open some time in 2019.
In order to become the important anchor institutions outlined in this policy, the institutes of technology will first need to attain the objectives laid out in all four related policies. Once those are ‘done’ we’ll be able to make an assessment of whether the institutes qualify as anchor institutions. Until then, this policy can only be ‘in progress’. We’ll keep tracking, so follow this policy for updates.
Anchor yourself with the details
- UKCES explains: What is an anchor institution? – Gov.uk
- Institutes of Technology: Prospectus – Gov.uk
- Establish new institutes in every major city
- Enable new institutes of technology to gain public funding and to access loans and grants
- Ensure new institutes of technology that offer degree level courses, higher-level apprenticeships and bespoke courses
- Enable institutes of technology to gain royal charter status and regius professorships