Does maintaining all fee assumptions at existing levels mean that HEFCE plans to stop taking account of income altogether in calculating allocations of grant in the future?
No. We believe that it is in the public interest to take other sources of income into account when we distribute our funds. With a fixed amount of money, we must ensure that we target our funding effectively and efficiently. Ignoring the contributions made by other substantial sources of income would prevent us from making best use of public funds. However, how we take account of other income will be a key area of discussion as we go forward into the second cycle of the review of funding for teaching.
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