HEFCE coughs up the cash for the new fee regime
Now we know precisely how the new higher education funding regime will affect research in cash terms.
HEFCE will deliver a £1.56 billion research budget to universities from September, down on last year’s figures – but only slightly. The money will be allocated only to internationally excellent (3*) and world-leading (4*) research, knocking out 2* research of “internationally recognised quality” altogether.
The announcement was expected thanks to the government’s letter to HEFCE in December, but now we know that all the 2* researchers out there are in trouble.
The other thing we’ve learnt form HEFCE’s announcement this week is how much universities will receive per student. With tuition fees rising dramatically from September, higher education institutions were eager to find out the reduction in their government subsidy. The people who run the high-cost subjects such as medicine, science and engineering have been particularly concerned.
From September 1, 2012, funding per full-time equivalent student in high-cost subjects will be £9,804 for those in price group A and £1,483 for price group B. Group A comprises the clinical stages of medicine and dentistry courses and veterinary science, while B is laboratory-based subjects (science, pre-clinical stages of medicine and dentistry, engineering and technology).
PST readers ought to see these stats in conjunction with the collapse in application numbers. Although applications were down across the board, science suffered the smallest drop. While applications to arts and social sciences fell by 13.7%, those for subjects related to science, technology and maths were down by just 2.5%.
Funding figures for these subject group in previous years are undoubtedly somewhere on HEFCE’s website – if you know them, please post in the comments below.