Commenting on the Higher Education Funding Council for England (HEFCE)'s circular letter to Vice Chancellors on the provisional distribution of funding in 2011-12, David Willetts Minister for Universities and Science said:
“This is undoubtedly a year of transition for universities. Higher Education, like other areas of public spending, has had to take its share of savings but we have asked HEFCE to protect the teaching funding budget as far as possible.
"Under the new HE reforms we are putting funding in the hands of students, instead of a centrally allocated grant. By 2014-15 we expect public support for universities to rise by 10%, as institutions that attract students through high quality courses are given the ability to thrive. It is essential that universities move quickly to prepare for the different environment in which they will operate in future years, striving to meet the aspirations of students for high quality teaching.
"As well as benefiting from investment in student support, the HE sector will continue to benefit from sustained ring-fenced investment in science and research.”
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