UK e-University
The UK e-University project (UKeU) was established in 2001. The original business plan forecast rapid growth to 110,000 students within the UKeU's first six years, reaching over 250,000 by Year 10. Revenues were forecast to grow commensurately, breaking even by Year 5 (2006ä07) and generating gross profits of more than £110m by Year 10. It was effectively wound up in 2004 by HEFCE, having spent £50 million of public money but having succeeded only in attracting 900 students.
