BUSINESS SCHOOLS
Industry Backs Lord Franks fSpecial Crspdt. N.Z.P.A.) LONDON, Nov. 28 The establishment in Britain of two business schools at Manchester and London, each costing £1 million, with a subsequent upkeep of £400,000 annually, is recommended in a report by Lord Franks. Lord Franks, provost of Worcester College, was asked by a group of industrial leaders last July to investigate the setting up of one or more business schools. “The Times” said “massive, almost unanimous" support for Lord Franks's suggestion was already evident among British industrialists. The Government was expected to support the schools through the University Grants Committee and by grants and scholarships for students. The Federations of British Industries, whose members include the wealtihiest likely industrial backers, have been urged to give "immediate backing” for the report. Lord Franks recommends that each school shall be part of a university but enjoy considerable automony as a partnership between university and business. The schools will be situated within major industrial and commercial conurbations.
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Press, Volume CII, Issue 30302, 30 November 1963, Page 16
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164BUSINESS SCHOOLS Press, Volume CII, Issue 30302, 30 November 1963, Page 16
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