HEFCE Announce £7.3 Billion Funding for HE
HEFCE will distribute £7,356 million to 130 universities and higher education colleges, and 123 directly funded further education colleges, for the academic year 2010-11.
The main elements of the grant are £4,727 million for teaching, £1,603 million for research and £150 million for the Higher Education Innovation Fund. In addition HEFCE is providing £562 million for earmarked capital grants and £294 million for special funding.
The changes in allocations to individual universities and colleges vary depending on a number of factors. The most significant are the increased concentration of funding to universities with the highest quality research, funding for additional student places, reduction in targeted allocations which have formed part of teaching grants and the withdrawal of moderation funding from the current academic year, 2009-10 …