UCL receives 1.73% rise in HEFCE funding 2010-2011
18 March 2010
UCL has received an overall 1.73% increase in funding for 2010-2011 from the Higher Education Funding Council for England (HEFCE) compared with last year, in allocations for universities announced today.
The recurrent funding
allocation across the university sector for 2010-2011 has increased by 0.4%.
UCL's research funding has increased by 4.28%, compared with a sector average
increase of 2.05%. UCL's teaching funding has decreased by 1.58%, compared with
a sector average decrease of 0.14%.
In terms of grant funding awarded, UCL has retained its position among UK
universities with regards to total research funds (3rd), total grant (5th) and
total teaching funds (11th).
Professor David Price, UCL Vice-Provost (Research) said: "We are aware that universities cannot be completely protected from the impact of the economic downturn. However, we welcome sustained funding for research intensive universities like UCL which recognises the significant contributions we make to the UK economy."
For details of the recurrent grants and tables showing allocations to individual institutions, follow the link above.