HEFCE allocates £3.88 billion to universities and colleges in England for 2014-15

The Higher Education Funding Council for England (HEFCE) will allocate £3.88 billion to 130 universities and higher education colleges and 212 further education colleges for the academic year 2014-15.
This funding is allocated for the following key areas and activities:

• £1.6 billion for research
• £160 million for knowledge exchange
• £1.6 billion for teaching
• £440 million in capital grants
• £143 million for national facilities and initiatives funding.

Further details are given in ‘Recurrent grants and student number controls for 2014-15: Initial allocations’ (HEFCE 2014/05). More...