The chairman of debt-laden Cumbria University quits

Ambleside campus - courtesy University of Cumbria The university opened in 2007 and is £30m in debt

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The chairman of the University of Cumbria is standing down following months of financial uncertainty.

Peter Ballard and six of the board's 21 members are leaving after a review found shortcomings in the way the university was being run.

The independent review recommends the university, which opened in 2007 and has a £30m deficit, takes on members with more financial expertise.

Vice-Chancellor Professor Graham Upton welcomed the report.

Extra students

He said: "The university needs to make sure that it has the right people with the right skills leading the university forward.

"This will enable the board to meet its full range of responsibilities going forward."

Up to 200 jobs across the university are to be cut and a target has been set to attract 200 extra students by 2012.

The review was carried out by David Fletcher Consulting Ltd.

It said: "The review recognises the board has faced an extremely challenging environment.

"But ultimately the board is responsible for ensuring the effective operation and management of the university - it accepts the ultimate responsibility for the financial difficulties the university is facing."

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