The following table compares final allocations for 2013-14 against initial and adjusted allocations announced in March 2013 and March 2014. There may be rounding differences within this table.
|Funding element||Final 2014-15 allocations (March 2015): Total (in £M)||Adjusted 2014-15 allocations (March 2014): Total (in £M)||Initial 2014-15 allocations (March 2013): Total (in £M)|
|Funding for old-regime students (phase-out of mainstream and employer co-funded teaching grant)||1,452||1,449||1,424|
|Funding for new-regime students in high-cost subjects||307||306||330|
|Student opportunity funding||332||332||332|
|Other targeted allocations and recurrent teaching grants||239||239||243|
Funding for old-regime students
Funding for old-regime students shows subject-based funding for old-regime students who commenced their studies before 1 September 2012.
High-cost funding for new-regime students
High-cost funding for new-regime students shows subject-based funding for new-regime students in high-cost subjects (price groups A to C1 for undergraduates, and price groups A to C2 for postgraduates).
The allocation of funding for student opportunity replaces the allocations provided up to 2012-13 for widening participation and improving retention within teaching enhancement and student success (TESS).
The allocation comprises elements to recognise the extra costs associated with recruiting and supporting students from disadvantaged backgrounds currently under-represented in higher education (£89 million), widening access and improving provision for disabled students (£15 million) and improving the retention of students most at risk of not completing (£228 million).