Fresh Cut in HE Budget by £915m

The Department for Business, Innovation and Skills has now confirmed that the £135 million reduction will be on top of the £600 million cut to higher education and science funding announced in the pre-Budget report earlier this month, which is to be implemented between 2011 and 2013.

Senior figures in the sector said the overall reduction is likely to amount to a £915 million cut in Hefce's budget over three years - a 12.5 per cent decline.

Lord Mandelson's letter also reveals a real-terms reduction in the unit of resource - the amount that universities are given per student for teaching - despite a pledge to maintain the current amount during this Comprehensive Spending Review period.

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