Universities facing £1bn budget cuts
Teaching budgets alone will be cut by £342m by the end of the 2011-12 academic year, as overall funding drops by £940m, according to the Higher Education Funding Council for England.
The cuts will include reductions in both teaching and research funding in the payments due to universities in the final months of the current academic year.
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Hide AdThe reductions in funding between now and the end of 2011-12 include a £342m drop in teaching budgets, a £45m cut in research grants and a £309m drop in capital funding. The cuts are on top of the £2.9bn which will be withdrawn from 2012 when the new tuition fee charges are brought in.