By Phillip Broadwith
The Higher Education Funding Council for England (Hefce) has announced how it will distribute its £8 billion of funding for UK public sector Universities and Further Education Colleges. This includes £1.6 billion for research, based on the outcome of the revamped Research Assessment Exercise (RAE).
David Eastwood, chief executive of Hefce revealed the details: 'In headline terms, the total grant comes to £7.99 billion, which is an increase of 4 per cent on last year. However, most of that increase has come in the form of research funding, which has increased 7.7 per cent to £1.57 billion, whereas the funding for teaching has increased 2.5 per cent to £4.78 billion.' The remaining £1.6 billion will be spent on improving infrastructure, with a small amount to smooth out the impact of any large funding changes.
[Read Full]