Annual report : 2004-2005 Annual review / Higher Education Funding Council for England.

  • Higher Education Funding Council for England
Date:
2005
Catalogue details

Licence: Attribution 4.0 International (CC BY 4.0)

Credit: Annual report : 2004-2005 Annual review / Higher Education Funding Council for England. Source: Wellcome Collection.

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    The Higher Education Funding Council for England (HEFCE) distributes public money to universities and colleges in England that provide higher education. In 2005-06 we will allocate £6.3 billion in public funds. Most of this will go to the 130 universities and higher education colleges in England. We do not provide grants or loans for individual students. Some HEFCE funds support higher education courses in 152 directly-funded further education colleges, but the main funding body for further education is the Learning and Skills Council. Grants for universities and colleges in Scotland, Wales and Northern Ireland are allocated by their own funding bodies. Our funds support four main areas of activity by institutions, which are reflected in our strategic aims (see box) and in the Other responsibilities for HEFCE e Accountability for proper use of public money, and ensuring the sector is financially healthy and well managed. e Providing independent advice to Government on the funding needs and development of higher education. e Ensuring that the quality of learning and teaching is assessed. e Identifying and disseminating good practice. e Contributing to policy development, based on research. Working in partnership, and with a commitment to consulting our stakeholders. Transparency in our policies and funding methods. Minimising administration costs for institutions. High standards of service. Government's ce Paper, ‘The future of Widening Enhancing Enhancing Enhancing the higher education’. participation and _ excellence in excellence in contribution of HEFCE was set up by the Government in fair access learning and research HE to the 1992 as a ‘non-departmental public body’. teaching economy and This means that we work within a policy society framework set by the Secretary of State for Education and Skills, but we are not part of the Department for Education and Skills. We have distinct statutory duties that are free from direct political control. Cross-cutting aims Building on institutions’ strengths Developing leadership, governance and management Excellence in delivery
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