Allocation of funding
SFC is allocating £1.14 billion in universities in 2009-10 to develop skills, learning, research, and support innovation in the economy.
The investment, which will be distributed amongst 20 universities in Scotland, signals a major change in the way in which SFC funds universities. The main elements are:
- an investment of £126 million through the introduction of a new Horizon fund to act as a catalyst for change in support of Scotland's future economic, social, civic and cultural future; and
- an investment of £988 million through the introduction of a new General fund which will provide universities with a flexible funding stream to support their core activities.
These changes will place universities in a strong position to contribute to Scotland's future prosperity and well-being, particularly in the context of the current economic downturn.
Circulars
Horizon Fund for higher education institutions for academic year 2009-10
Revised formula capital funding for higher education institutions 2008-11
