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HEFCE

October 2007/32 (web only)
Core funding/operations
Allocation of funds

This report is for information only

Recurrent grants for 2007-08
Final allocations

This document shows the final allocations of HEFCE recurrent grants for 2007-08 for the universities and colleges we fund directly. It also explains the changes made since the provisional allocations were announced in March (HEFCE 2007/06).

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: 2007/32
Publication date: October 2007
Enquiries to: HEFCE higher education advisers

Executive summary (read online)

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Report and Annex A

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Annex B: Tables 1 and 2

[ MS Excel 159K | Zipped Excel 52K ]

Executive summary

Purpose

1.   This document gives our final allocations of recurrent funding to institutions for the academic year 2007-08.

Key points

2.   We have updated a number of the allocations given in HEFCE 2007/06. 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. Changes to grant resulting from data reconciliations and audit.
  5. Changes to additional funding for very high cost and vulnerable science subjects.

Total recurrent funding has increased by £12,407,484 to £5,866,816,035. Total funding for very high cost and vulnerable science subjects has increased by £1,831,686 to £24,823,129.

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

4.   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

5.   No action is required.