Glasgow receives 5.7% increase in SHEFC funding
Issued: Fri, 23 Mar 2001 00:00:00 GMT
The University will receive £114.1M from SHEFC in 2001/2002 under funding allocations announced today. This compares with £107.9M in the current year.
The funding council has reversed the recent trend of imposing efficiency gains on core levels of funding for teaching and research. The new figure represents a 5.7% increase for Glasgow compared with a sector average of 5.3%. Among other institutions Edinburgh received 4.3%, Strathclyde 5.4% and Dundee 6.2%.
SHEFC has placed particular emphasis on supporting wider access and knowledge transfer (the promotion of commercialisation and the advancement of continuing professional development).
Glasgow along with other west of Scotland universities has secured major shares of the premium in support of widening access - £391,000. SHEFC has made a total of £5.7M available in support of knowledge transfer of which just under £1M has been awarded to Glasgow.
The University has welcomed the new funding allocation in a press statement:
"The University of Glasgow welcomes the increases in funding announced by the Scottish Higher Education Funding Council which will allow the sector to go forward positively and enhance further its contribution to the economic, cultural and social development of Scotland. In particular, we are pleased that the efforts made by Universities such as Glasgow to broaden social inclusion have been recognised by the substantial premium in support of wider access. The University also welcomes the support through the Knowledge Transfer Grant for its efforts to develop alternative sources of income through commercialisation and continuing professional development activities."
The main grant letter and a summary of grant tables is being made available on SHEFC's website: http://www.shefc.ac.uk.
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