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 savings in the other sectors of the economy. The ‘Others’ save £3.8m, meaning that the additional costs to the UK are only £0.6m.


 * If the APC was 50% greater than the academic institution breakeven point then costs to the institutions would be £11.0m more than the Central Case, with Others’ savings only offsetting this by £1.7m.

Sensitivity 2 - level of Gold uptake in the UK and rest of the world

Table 0.5: Results of sensitivity 2 (figures in £m)

Key points to note are as follows:


 * Varying the level of Gold uptake does not have a significant impact on academic institutions’ net costs, because the APC has been set at the academic institutions breakeven point. For example, an increase from 23% (in the Central Case) to 50% causes a small change in annual academic institutions’ net costs (a saving of £0.3m). However,