In winter the Government tells us how much money we will have to allocate to institutions. In March we announce the grant for the following academic year to each university and college that we fund.
This announcement is the first in a three-stage process and much of the teaching grant is allocated based on institutions’ forecast student numbers. Allocations are then adjusted and finalised, over the following two years, as we receive more up-to-date data.
In March 2014 we announced initial allocations of grant for 2014-15 for each university and college that we fund.
Allocations for 2014-15 will be adjusted in 2015 and finalised in 2016 in light of the end-of-year individualised student data for 2014-15.
The total HEFCE grant available for the 2014-15 academic year is £3,883 million.
Figures in the adjacent chart are correct as of March 2014.
Since 2012-13, we have calculated and reviewed funding allocations for each year in three stages. This balances the need to pay grant from August, before student numbers are known, with the need to ensure that allocations finally reflect actual numbers of students in the year.
For the academic year 2014-15, this comprises:
In March 2014 each institution received a set of individualised initial 2014-15 grant tables along with a grant letter and technical guidance which gives a comprehensive explanation of the contents of the tables.
In July 2014 institutions will receive their funding agreements for 2014-15.
In October 2014 institutions will receive another set of tables, incorporating any changes since the March announcement.
In February 2014 we wrote to each institution providing a provisional student number control allocation and details of how we had determined this. In March we wrote to institutions confirming allocations in light of the results of any appeal.
There are a number of changes to the student number control arrangements for 2014-15 following our consultation in 2013. In particular, institutions have increased flexibility, which allows them some limited scope to exceed their student number control allocation without this resulting in a reduction to their HEFCE grant. The exemptions list has also been expanded so that more students do not count against the student number control allocation.
The recurrent grant tables differ slightly for higher education institutions and further education colleges but the grant tables given below are for the sector as a whole.
Queries from institutions should be addressed to the HEFCE higher education policy adviser (HEPA) for their institution.
|Funding element||Initial 2014-15 allocations (March 2014): Total (in £million)|
|Funding for old-regime students (phase-out of mainstream and employer co-funded teaching grant)||500|
|Funding for new-regime students in high-cost subjects||468|
|Student opportunity funding||366|
|Other targeted allocations and recurrent teaching grants||248|
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 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 student opportunity allocation comprises elements to recognise the extra costs associated with recruiting and supporting students from disadvantaged backgrounds currently under-represented in higher education (£67.1 million), widening access and improving provision for disabled students (£15.3 million) and improving the retention of students most at risk of not continuing their studies (£275 million). Note that the provisional allocations released in March 2014 are lower than these totals as we have set aside £3 million for allocation by October 2014, to allow for corrections by institutions to their underlying data.
|Funding element||2014-15 total (in £million)|
|Mainstream QR grant||£1,018|
|London weighting on mainstream QR||£32|
|Research degree programme (RDP) supervision fund||£240|
|Charity support element||£198|
|Business research element||£64|
Our mainstream QR funding is allocated selectively according to quality. The documents below provide a more detailed breakdown of these funds.
We have also provided the source data we have used to calculate mainstream QR funding for 2011-12, 2012-13, 2013-14 and 2014-15.
The QR funding data for years prior to 2014-15 are available.