University welcomes Scottish Funding Council annual grant announcement

The University of Glasgow has welcomed this year’s funding announcement from the Scottish Funding Council.

The total award to the University of Glasgow has increased by 4.1 per cent to £166million.

The quality of our teaching is reflected in the fact that, once again, the University has the largest funded teaching grant in Scotland, £111million - an increase of 3.3 per cent.

The University's research grant of £51million - a 4.5 per cent increase – is an endorsement of the world-class research being carried out and will allow us to build on and develop our first-rate research base.

The grant for developing businesses from within the University - knowledge transfer - has increased by 23 per cent to £4million. This increase is more than 10 percent above the Scottish average and reflects the important work being done at Glasgow to take ideas and turn them into business opportunities.

This award is recognition of Glasgow’s position as the largest provider of consultancy work among Scotland’s universities - an important channel through which knowledge and expertise can flow to businesses and other external agencies.

University of Glasgow Principal, Sir Muir Russell, said: “The Scottish Funding Grant award reflects the University of Glasgow’s place in Scottish higher education.

“Our exceptional teaching and research have been rewarded with above inflation increases, and our knowledge transfer award will allow us to strengthen our links with business and industry and shows the confidence the Scottish Funding Council has in our activities.

“Our teaching grant, allied to our provision of one of the best student experiences in the UK, makes us an attractive destination for students from across the UK and the world.

"The University of Glasgow will continue to invest in our areas of world-class excellence and we will build on our contribution to the economic, social and cultural wealth of Scotland.”

First published: 19 March 2008

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