The University of Buckingham (UB) is a not-for-profit private institution located in Buckingham, England, and stands as the eldest among the nation's six private universities. Established as the University College at Buckingham (UCB) in 1973, it welcomed its inaugural students in 1976 and gained university status through a royal charter in 1983.
The university shares a significant association with Margaret Thatcher, who played a pivotal role in its inception and subsequent elevation. Serving as the Education Secretary, Thatcher oversaw the establishment of the university college in 1973, and during her tenure as Prime Minister, she played a key role in its transition to university status in 1983. This marked a historic event, making it the UK's first private university since the establishment of the University Grants Committee in 1919. Following her retirement from politics in 1992, Margaret Thatcher assumed the role of the university's second chancellor, a position she held until 1998.
Financing for Buckingham's educational endeavors relies entirely on student fees and endowments, as it does not receive direct funding from the state through entities such as the Office for Students or Research England. Nevertheless, students at the university have the opportunity to secure student loans from the Student Loans Company. Operating with formal charity status, the institution is committed to the pursuit of research and education as a not-for-profit entity.
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