UCL receives £174m HEFCE Grant for 2012-13
29 March 2012
HEFCE grant for the financial year 2012-13 has been announced today as £174.3m,
representing a reduction of £7.5m (4.1%) on funding for 2011-12.
This compares with an overall sector reduction of 18.8%, which reflects the phasing out of the teaching grant and the move to tuition fees of up to £9,000 for new UK/EU undergraduates from 2012-13.
Although UCL's teaching grant has been reduced by 14.7% compared with 2011-12, it has benefited from changes to the allocation of HEFCE research fund funding which produces an increase of 2.1% for UCL, compared with a cash standstill on research funding for the sector as a whole.
Overall, UCL has moved to second position in total HEFCE allocation, overtaking the Open University, Manchester and Cambridge and behind Oxford.
Total Grant 2012-13 (£m)
- University of Oxford 177.8
- University College London 174.3
- University of Cambridge 169.2
- University of Manchester 160.3
- Imperial College 148.2
- Open University 139.7
Media contact: Dominique Fourniol