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HEFCE closed at the end of March 2018. The information on this website is historical and is no longer maintained.

Many of HEFCE's functions will be continued by the Office for Students, the new regulator of higher education in England, and Research England, the new council within UK Research and Innovation.

The HEFCE domain - - will continue to function until September 2018. At this point we will close the site entirely and all its information will only be available from the National Web Archive.


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New information about TRAC and financial sustainability published from April 2018 can be found via the Office for Students website.

Information published up to March 2018 will continue to be available on these pages.


This work dates back to the Joint Costing and Pricing Steering Group, which led the development of the method the higher education sector uses for costing its activities (the Transparent Approach to Costing - TRAC) from 1997.  (See the History of TRAC.)

Changes to the funding arrangements for higher education have made it even more important for institutions to develop strategies and plans that support their financial sustainability.

The FSSG and TDG

The Financial Sustainability Strategy Group (FSSG), with the TRAC Development Group (TDG), helps the sector work towards this aim.

FSSG brings together the sector, funders and Government over matters that concern sustainability, efficiency and funding. It recommends issues and developments that the funding councils, other public funders, institutions and sector bodies need to take forward.

The FSSG and TDG maintain the TRAC process.  They also lead important and beneficial studies for the sector.

These reports are available from the FSSG and TDG publications page.

Page last updated 28 March 2018