ERIC Number: ED451766
Record Type: Non-Journal
Publication Date: 2001
Reference Count: N/A
Funding Higher Education in England: How the HEFCE Allocates Its Funds. The Annual Funding Cycle. Guide.
Higher Education Funding Council for England, Bristol.
This guide explains the principles that underpin the allocation of funding by the Higher Education Funding Council for England (HEFCE) and explains the components of an institution's grant. Each March the HEFCE announces the grant for the following academic year to each university and college it funds. Formulas are used to determine how most of the money is allocated between institutions. These take into account certain factors for each institution, including the number and type of students, the subjects taught, and the amount and quality of research undertaken. After the amount of funding is determined, it is provided as a "block grant" that institutions may allocate according to their own priorities within the broad guidelines of the HEFCE. It is not expected that institutions will model their own funding models on that of the HEFCE. The method used at present was first used to allocate grants for 1997-1998. The funding cycle is described with a chart that shows the time for funding decisions. In 2001-2002, the total funding will be 4,757 million British pounds, and 3,162 million pounds of this will be allocated by the HEFCE to teaching. (Contains 13 tables and 1 graph.) (SLD)
Descriptors: Educational Finance, Financial Support, Foreign Countries, Grants, Higher Education, Resource Allocation
Higher Education Funding Council for England, Northavon House, Coldharbour Lane, Bristol, BS16 1QD, England, United Kingdom.. Tel: 0117-931-7317; Fax: 0117-931-7203; Web site: http://www.hefce.ac.uk.
Publication Type: Reports - Descriptive
Education Level: N/A
Authoring Institution: Higher Education Funding Council for England, Bristol.
Identifiers - Location: United Kingdom (England)