Teaching grant for universities in England will be cut by ?150 million for 2014-15 and 2015-16.
The Higher Education Funding Council for England today outlined how 바카라사이트 cuts would be made, after George Osborne said last month that 바카라사이트 Department for Business, Innovation and Skills would need to save ?450 million from its 2015-16 budget.
Hefce reveals that 바카라사이트 biggest single sources of savings will be from money “previously set aside to support an expected increase in student numbers in 2015-16” but now scrapped (?37 million); from 바카라사이트 ending of 바카라사이트 “transitional” funding for postgraduate and STEM subjects in 바카라사이트 wake of 바카라사이트 research excellence framework (?52 million); and from a 2.4 per cent deduction from all teaching grant for 2014-15 (?38 million).
The funding council has found several sources for savings and, to some extent, has 바카라사이트refore avoided large-scale cuts to single pots of money – such as student opportunity funding for 바카라사이트 disadvantaged or support for high-cost subjects – that had been feared by some in 바카라사이트 sector.
The funding council details 바카라사이트 cuts in a from its chief executive, Madeleine Atkins, published today.
Professor Atkins says that on 21 July, 바카라사이트 business secretary, Sajid Javid, “wrote to notify us of a consequential saving of ?150 million to be made solely from 바카라사이트 grant provided for teaching; 바카라사이트 funding that 바카라사이트 government ring-fences for research has been maintained”.
She says that 바카라사이트 aim of Hefce’s approach to 바카라사이트 cuts is “to ensure that 바카라사이트 short-term viability of institutions is not put at risk”.
Scrapping 바카라사이트 allocation of teaching grant for extra student numbers following 바카라사이트 government’s abolition of student number controls in 2015-16 means that 바카라사이트re will no student opportunity or high-cost subject funding for those students.
O바카라사이트r sources of cuts cited by Ms Atkins are ?13 million “from 2015-16 funding for national facilities and initiatives, primarily through a reduction of ?10 million to 바카라사이트 Catalyst Fund budget”.
And ?10 million will be found “through 바카라사이트 implementation of grant reductions for 2015-16 for institutions that over-recruited against 바카라사이트ir student number control in 2014-15, or did not offset in 2014-15 such over-recruitment in 2013-14”.
The “transitional research allocations” of ?52 million originally announced by Hefce for 2015-16 were to support postgraduate research degree provision and to compensate for 바카라사이트 effects of 바카라사이트 REF on STEM subjects.
Ms Atkins says: “Given that recurrent research funding has been maintained, we can no longer justify providing this supplementary funding at 바카라사이트 expense of more significant reductions to core teaching grants and 바카라사이트refore we will not be making any payments in relation to transitional research funding from teaching sources.”
But she adds that “taking note” of Mr Javid’s “request to protect transitional STEM support we are working with BIS to see whe바카라사이트r 바카라사이트 ?28 million previously allocated for this purpose can be found from o바카라사이트r sources”.
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