Mixed response to funding for knowledge transfer

21 12 2007

As universities close for the Christmas break, a news item in this week’s Times Higher reports that opinion in the HE community is split concerning the fairness of the allocation method for HEIF4 funding. The new funding arrangements for so-called third stream activities are viewed as a welcome redistribution of wealth from rich to poorer universities by some, but the new funding cap has not been welcomed by the research-led Russell Group universities, most of which stood to exceed the £1.9 million institutional limit. 

The new system follows the Sainsbury science policy review recommendation that more funding be directed to business-facing institutions.  Bill Rammell, the Higher Education Minister, says two thirds of universities will see funding for knowledge-transfer activities rise by 50 per cent after reforms to the Higher Education Innovation Fund.

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