October 2006/43 (web only)
Core funding/operations
Allocation of funds

This report is for information only

---

Recurrent grants for 2006-07

Final allocations

This document shows the final allocations of HEFCE recurrent grants for 2006-07 for the universities and colleges we fund directly. It also explains the changes made since the provisional allocations were announced in March (HEFCE 2006/08).

---

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:	2006/43
Publication date:	October 2006
Enquiries to:	HEFCE higher education advisers

---

Executive summary (read on-line)

---

---

Executive summary

Purpose

1.   This document gives our final allocations of recurrent funding to institutions for the academic year 2006-07.

Key points

2.   We have updated a number of the allocations given in HEFCE 2006/08. The main reasons for changes are:

1. Revisions to funding for additional student numbers.
2. Changes to funding for widening participation.
3. Transfers of student numbers and funding between institutions.
4. Allocations of additional migration funding.
5. Changes to grant resulting from data reconciliation exercises, and from corrections to other underlying data.

3.   Total recurrent funding has increased by £12,802,241 to £5,564 million.

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 and the Learning and Skills Council 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.