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Securing world-class research in UK universities : exploring the impact of block grant funding

Publisher
Higher Education Funding Council for England
Publication Date
Disciplines
  • Economics

Abstract

UUK and HEFCE report Securing world-class research in UK universities Exploring the impact of block grant funding TM EN VIR ONM ENTALLY FRIENDLY Securing world-class research in UK universities 1 Sir Alan Langlands, Chief Executive, HEFCE The plurality of funding for university-based research, from public and other sources, is a major strength of the UK system. HEFCE’s quality-related research funding is provided as one ‘leg’ of the dual support system, enabling institutions to maintain a dynamic and responsive research base of world- leading quality. This encourages ground-breaking basic research, with the potential to drive future innovation and respond quickly to changes in the external environment. Moving forward we need to: • maintain the balance between funding for curiosity-driven research and work targeted on identified national needs and priorities • develop the new Research Excellence Framework to assess the quality of research outputs, their impact on the economy and society and the vibrancy and professionalism of the research environment • continue to develop the infrastructure and human capital required to support industry collaborations, technology transfer and inward investment. Strong basic research is a cornerstone of Britain’s success and, over time, it can make a real difference to our everyday lives. It is valued by industry and by society but it will continue to need long-term commitment, time and money. HEFCE – the main institutional funder – will continue to work with the Research Councils – the main project funders – in a collaborative partnership. Professor Steve Smith, President, Universities UK All of the evidence shows that the research undertaken in our universities is absolutely world class and has wide- ranging impact. This success is underpinned by the fact that we have autonomous institutions that receive a block grant, known as quality-related funding, from the funding bod

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