The Office for Students (OfS) has received guidance from the Secretary of State for Education and the Minister for Skills, Apprenticeships and Higher Education on the Higher Education Strategic Priorities Grant for the 2024-25 financial year.
The OfS will distribute this funding, which is subject to terms and conditions set by the Department for Education, to eligible universities, colleges and other higher education providers. The funding will be used to support work on high-cost subjects, student mental health, degree apprenticeships, equality of opportunity, technical qualifications, and a range of other priorities. The total budget for the OfS to distribute in the 2024-25 financial year is £1,456 million. As announced in March 2022, there is also a capital budget to fund facilities and buildings of £450 million for the three-year period 2022-23 to 2024-25.
John Blake, Director for Fair Access and Participation at the OfS, said of the grant:
‘Every year, the Strategic Priorities Grant provides significant funding to the universities, colleges and other higher education providers that the OfS regulates. The distribution of this grant allows these institutions to continue providing world-leading teaching and a rewarding student experience, and to further invest in their facilities, especially in high-cost subjects such as medicine, allied health professions and science.
