Report 01/57

Recurrent grants for 2001-02: final allocations

To:	Heads of HEFCE-funded higher education institutions Heads of HEFCE-funded further education colleges Heads of universities in Northern Ireland
Of interest to those responsible for:	Finance, planning
Reference:	01/57
Publication date:	October 2001
Enquiries to:	HEFCE higher education advisers

Executive summary (read on-line)

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Tables - Final grant allocations and MaSNs at each institution in 2001-02
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Executive summary

Purpose

1. This document gives our final allocations of recurrent funding to institutions for the academic year 2001-02.

Key points

2. We have updated a number of the allocations given in HEFCE 01/12. The main reasons for changes are:

a. Increased formula allocations for widening access and participation.

b. Revisions to funding for additional student numbers.

c. Transfers of student numbers and funding between institutions, particularly where further education colleges have chosen to be funded indirectly through a higher education institution.

3. Total recurrent funding has increased by £5 million to £4,116 million. The total maximum student numbers (MaSNs) allocated have remained largely unchanged, although individual institutions may have more significant changes.

4. The financial memorandum between the Council and institutions specifies the terms and conditions governing our grants.

5. Institutions supply data to inform funding allocations. We will continue to audit these data selectively, and will also use data from the Higher Education Statistics Agency (HESA), and the Learning and Skills Council (LSC) to verify them. If we find that the data were inaccurate, so that institutions have received higher allocations than they should have done, we will reduce their funding.

Action required

6. No action is required.