Glasgow's SHEFC funding rises 8%
Issued: Thu, 21 Mar 2002 00:00:00 GMT
Glasgow's research and teaching grants from SHEFC for the next financial year will total £103.3M, an increase of 8.0% on the current year. This compares with an average increase for Scottish institutions of 5.7%.
The University's main Research Grant (based on the RAE ratings) has increased by 18.3%, from £23,073k to £27,297k (a rise of £4,224k).This is the largest value rise in Scotland.
In devising the funding formula which relates grants to RAE performance, SHEFC has attached new values to quality ratings following the RAE 2001 results as follows:
1. 2 and 3b = 0;
3a = 0 except in 'rising' 3as in institutions with no previous significant grant which have a value = 1;
4 = 1.55
5 = 2.80
5* = 3.20
This is the first time there will be a distinction in the level of funding for 5*s and 5s.
Postgraduate Research (PGR) funding (formerly an element of the main Teaching grant) has increased from £3,206k to £3,536k (+10.3%).
The new teaching grant (excluding PGR) totals £71,465k compared with £68,378k, an increase of 4.5%.
The Knowledge Transfer Grant has increased from £1,011k to £1,036k (+2.5%).
Additional awards include the Disabled Students' premium of £118k and the Museums, Galleries & Collections award of £604K
Commenting on SHEFC's funding announcement for 2002/ 2003, Professor Sir Graeme Davies, Principal of the University of Glasgow, said:
"This is a very satisfactory outcome for the University over all. The encouraging increase in research funding recognises the effort and commitment of the staff involved and will enhance both our academic strength and our ability to contribute further to the national economic and social wellbeing. The council's decision to pay an additional premium for 5* research is welcome recognition of those particular areas of excellence.
"The increase in the unit of resource for teaching in the clinical subjects, bringing Scotland into line with the rest of the UK, is very welcome, especially given the importance of medical education in the context of Scotland's health needs. The further support announced for social inclusion initiatives is an endorsement of our existing commitment and success in this field."
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