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Recognition for good performance in University funding settlement

Posted on 8 March 2002

The University of York's strong performance in the Research Assessment Exercise is recognised in the funding agreement from the Higher Education Funding Council for the next academic year.

York has been awarded £14,544,637 to support its research infrastructure for 2002/2003. The University wins nearly £30 million a year in individual research grants and contracts from industry and other organisations. It was recently reported that the University of York had the best value for money for research in the UK university system.

The University will receive £18,224,392 for its teaching. This includes extra funds for Widening Participation - action to encourage applications from students with no family history of studying at University.

There are also extra funds to support extra student numbers. This money will enable the University to develop its undergraduate programmes in Management.

The University's total funding from HEFCE in 2002/2003 will be £34,375,707. The University expects to earn over £60 million from other sources during the same year.

"This funding settlement is one of the best in the country and is recognition of our strength in research and teaching," said Director of Finance, Graham Gilbert. "As well as supporting our research infrastructure, it will help us to extend our work in the national process of widening participation in higher education."

Contact details

David Garner
Senior Press Officer

Tel: +44 (0)1904 322153