UCL receives £174m HEFCE Grant for 2012-13

UCL's 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

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Links:

Higher Education Funding Council for England (HEFCE)