HEFCE has announced funding allocations for 2013-14

The Higher Education Funding Council for England (HEFCE) will allocate £4.47 billion to 129 universities and higher education colleges and 203 further education colleges for the academic year 2013-14.

This funding is allocated for the following key areas and activities:

  • £2.3 billion for teaching
  • £1.6 billion for research
  • £160 million for knowledge exchange
  • £280 million in capital grants
  • £149 million in special funding.

Further details are given in ‘Recurrent grants and student number controls for 2013-14’ (HEFCE 2013/05).  The ring-fenced settlement for science and research means that HEFCE can maintain overall levels for research and knowledge exchange funding until 2014-15.

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