Professor David Eastwood, Chief Executive of HEFCE, said: 'This represents a good settlement for universities and colleges. It also represents a crucial investment in developing people and ideas, and provides a major step in helping the country through and beyond the current recession."
The major elements of the grant are:
* £4,782 million for teaching, including £269 million for teaching enhancement and student success, and £143 million for widening participation;
* £1,572 million for research;
* £134 million for business and community engagement;
* £1,154 million capital funding including £219 million brought forward from later years to help combat the recession.