News

Hefce funding

(8 March 2002)

The University of Durham today emerged with the highest level of increase in funding for the core work of teaching and research in universities during 2002-03.

The Higher Education Funding Council for England (Hefce), which distributes government grants and sets student numbers for each university, awards Durham a total funding package increase of 12.7 per cent, the joint biggest with Royal Holloway College in London.

Vice-Chancellor Sir Kenneth Calman said: "This increase is largely due to the very high quality of our research, as shown in the national assessment results in December. It is very pleasing to see our success in that exercise translated into an improved financial position in this way. It also reflects how well we attract students."

Durham’s income for next year will include the £50.6 Million Hefce grant plus tuition fee income, making a total core funding resource of £60.3 million - which is 12.7 more than the current year.

These elements represent less than half of the University’s total annual income of about £130 Million. The rest comes as research and contract income from industry and other organisations, and earnings from rents, catering and conference trade.

The funding information will be an important factor in the current review of University operations.