Maintaining the value of a degree is a priority for universities. During the pandemic, many universities had to put measures in place to make sure students were not unfairly disadvantaged by changes to their course. This statement details the Universities UK members' commitment to returning to pre-pandemic levels of firsts and 2:1s awarded in their undergraduate degrees by 2023, in line with the national return to pre-pandemic grading in GCSEs and A-Levels by 2023.