HEFCE allocates £4.47 billion to universities and colleges in England for 2013-14

The Higher Education Funding Council for England (HEFCE) will allocate £4.47 billion to 129 universities and higher education colleges and 203 further education colleges for the academic year 2013-14.
This funding is allocated for the following key areas and activities:
    £2.3 billion for teaching
    £1.6 billion for research
    £160 million for knowledge exchange
    £280 million in capital grants
    £149 million in special funding.
Further details are given in ‘Recurrent grants and student number controls for 2013-14’ (HEFCE 2013/05).
HEFCE’s priorities for funding
HEFCE will continue to invest on behalf of students and the wider public to promote opportunity, choice and excellence in higher education. Our funding supports quality and diversity in learning and teaching, widening participation and student retention, and world-leading research and knowledge exchange activity. We remain committed to the Government’s reforms, ensuring a smooth transition to the new funding arrangements, and implementing them in a way that makes sense for students and the wider higher education community. Read more...