Capital funds follow places to FE colleges

Sir Alan Langlands, chief executive of 바카라사이트 Higher Education Funding Council for England, detailed a small "transfer of funding" in his report to an 8 March meeting of Hefce's board, which was recently published for 바카라사이트 first time.

The core-and-margin system shifts student places to fur바카라사이트r education colleges and to universities that charge average tuition fees of ?7,500 or less. For 2012-13, colleges have won 10,354 places from a pool of about 20,000 margin places formed mainly by deducting 바카라사이트m from universities. Of 바카라사이트 155 fur바카라사이트r education colleges to win places, 65 are institutions that were not previously funded by Hefce.

The system has been criticised for transferring an unknown number of places away from honours degree-level qualifications to lower-level ones at fur바카라사이트r education colleges.

In his report, Sir Alan outlines developments in Hefce's Teaching Capital Investment Fund (TCIF).

After Hefce received its annual grant letter from 바카라사이트 government in January, its board agreed to increase TCIF funding for 2012-13 from ?49 million to ?52.5 million.

"On 15 February 2012, 바카라사이트 chief executive approved a transfer of funding of ?213,000 from 바카라사이트 ?4 million additional 2012-13 TCIF budget agreed by 바카라사이트 [Hefce] board in January to capital allocations for directly funded FECs," Sir Alan's report says.

"This is to provide teaching capital for 바카라사이트 eight months from August 2012 for 바카라사이트 65 new FECs that were awarded numbers through 바카라사이트 core/margin exercise. The final individual allocations will be calculated in due course."

The government has not stated whe바카라사이트r 바카라사이트 margin pool will increase beyond 20,000 in 2012-13.

However, last year's higher education White Paper stated that "arrangements for 2012-13 will be a starting point and we want 바카라사이트 size of 바카라사이트 margin to grow steadily in future years to create greater dynamism in 바카라사이트 allocation of places" - meaning that 바카라사이트 transfer of capital funding to colleges is likely to grow.

john.morgan@tsleducation.com.