Published: 25 June 2010 at 11:59
Allocation of funding for new entrants and efficiency activities in 2010-11 through the University Modernisation Fund
Anglia Ruskin is set to benefit from the allocation of a £270 million University Modernisation Fund from the Higher Education Funding Council for England (HEFCE) just announced by the Secretary of State for Higher Education.
The successful bid by Anglia Ruskin University has attracted over £12 million worth of funding which will support new entrant places this September and investments in projects to generate efficiency savings. A total of 540 full-time places will be created for undergraduate students including 50 places for students taking Foundation Degrees. £7 million will be given directly by HEFCE while an additional £5 million will come to Anglia Ruskin through associated tuition fees over 3 years.
HEFCE funding for these new entrants will be provided for one year only in 2010-2011. The savings generated by the accompanying efficiency savings are expected to cover the cost of teaching the additional students, studying strategically important and vulnerable subjects as identified by HEFCE, in subsequent years.
This is exceptionally good news for Anglia Ruskin which, along with all other universities, has recently seen its HEFCE funded student places capped despite a massive 36% increase in the number of applications for the next academic year. As a result of this funding Anglia Ruskin is now able to re-open a number of courses to applicants.
The University Modernisation Fund from HEFCE has been established to respond to two imperatives, enabling more young people to enter higher education to gain skills that the economy needs, while supporting universities and colleges to take robust action to increase efficiency and reduce costs, through restructuring, investment in new IT systems or improved facilities.
Vice Chancellor of Anglia Ruskin University, Professor Michael Thorne, says the news of this special funding will give a boost to both students and staff.
Anglia Ruskin University has also been awarded 300 Additional Student Numbers (ASNs) from HEFCE for its University Centres at Peterborough and Harlow. This allocation is worth over £2 million per annum. In addition, 360 more ASNs are being made available for co-funded numbers where students are jointly funded by the government and employers.