Reporter 398, 3 March 1997
The annual grant announcement by the Higher Education Funding Council for England is excellent news for the University and represents a significant reward for performance in the 1996 Research Assessment Exercise.
The total funding for 1997/8 will be £70.6m, against a comparable figure of £67.7m in 1996/7.
HEFCE said the average grant increase across the sector is 2.8 per cent, while that for Leeds is 3.9 per cent.
Overall, the allocation represents an increase in real terms of more than one per cent above inflation. Research funding has increased by more than 10 per cent, when adjustments are made for superannuation and equipment.
On the same basis, funding for teaching has increased by two per cent.
There has also been a welcome increase to the University's MASN (Maximum Aggregate Student Number), from 13,877 in 1997 to 14,113 in 1997/8.
"In a difficult period for higher education and despite a continuing need for financial stringency, this is a real boost for us all," commented the Vice-Chancellor, Professor Alan Wilson.
"It is an endorsement of the enormous achievements of researchers across the campus. It is also a sound basis for new investment plans to enhance our academic success."
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