The subtle "put-down" these days is "New University" - meaning one of those universities that used to be a Polytechnic, and which bear rather fanciful names to differentiate them from the established "redbrick" uni's which bear the nema of the town or region in which they are situated.
Oxford Poly, for instance, became Oxford Brookes University - and is therfore unkindly referred to by the rest of Oxford as "Oxford B."