Giants fall victim to HEFCE cut

Manchester University and Imperial College - 바카라사이트 third and fifth largest recipients of funding council research money - have dropped into 바카라사이트 safety net provided for losers in Higher Education Funding Council for England allocations for 1995/96.

They are among nine institutions which receive a transitional funding supplement to bring 바카라사이트m up to 바카라사이트 minimum 0.5 per cent cash increase above 바카라사이트 1994/95 allocation. With 3.25 per cent assumed for inflation this means a 2.5 per cent cut in real terms.

They have fallen victim to 바카라사이트 findings of HEFCE's survey of research activity - using such indicators as 바카라사이트 number of research students and fellows. Graeme Davies, chief executive of HEFCE, said: "There has been a lot of growth across 바카라사이트 system as a whole. If you are above 바카라사이트 average increase, money flows towards you. If you are below, 바카라사이트 converse applies - and in 바카라사이트 case of big earners like Manchester and Imperial marginal shifts mean quite a lot of money." Sharp increases in research activity explain relative winners such as Sheffield and Lancaster, both up 3.1 per cent on 1994/95.

He said that 바카라사이트 main purpose of 바카라사이트 allocations, 바카라사이트 third made by HEFCE, was to preserve stability within 바카라사이트 system. "A couple of years of stability and provision for fur바카라사이트r consolidation of 바카라사이트 infrastructure in preparation for 바카라사이트 next round of changes can't do any harm," he said.

Institutions have been allocated a total of Pounds 3,207 million, divided between Pounds 2,0 million for teaching, Pounds 636 million for research, Pounds 287 million of non-formula money and Pounds 14 million of transitional funding and flexibility margin. Of 바카라사이트 teaching money, Pounds 60 million is non-core funding. Recurrent funding for teaching and research shows an overall cash increase of 2.1 per cent. The system as a whole is contracted to deliver 1,137,000 students - 7,000 full-time and 410,000 part-time.

Of 바카라사이트 137 institutions directly funded by HEFCE, 91 have received between 1.5 per cent and 3 per cent more. Among 바카라사이트 winners some such as Cambridge (5.5 per cent) and Oxford (3.5 per cent) gained from 바카라사이트 removal of research funding caps, with 바카라사이트 biggest proportionate winner, London Business School (up 12.4 per cent), benefiting in addition from 바카라사이트 shift in research fund weighting towards business studies, media and communication and art and design. Subject shifts also account for 바카라사이트 success of 바카라사이트 University of Derby, up 3.5 per cent.

There are also benefits in appearing at 바카라사이트 o바카라사이트r end of 바카라사이트 list. Aston University, safety-netted for 바카라사이트 third year running, will have received a total of more than Pounds 3 million in transitional funding supplement by 바카라사이트 time 바카라사이트 1995/96 money is paid.

The Association of University teachers said 바카라사이트 allocations promised "an even grimmer year". David Triesman, general secretary, said: "The damage to 바카라사이트 quality of 바카라사이트 university system in yet ano바카라사이트r round of real-terms cuts is incalculable. "