Universities and colleges get funding news

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UNIVERSITIES in the region have been allocated their funding for the coming academic year.

The Higher Education Funding Council for England (HEFCE) has revealed its grants for 2012-13.

Durham University will get a total of £56.6million, and the University of Sunderland will be allocated £26million.

Durham’s grants include £28.5million for teaching, £25.2million for research and £2.8million of Higher Education Innovation Funding (HEIF).

In Sunderland, the university will be allocated £23million for teaching, £1.98million for research and £1million of the HEIF.

A number of colleges in the region will be given HEFCE funding for higher education.

They include Sunderland College, which will be allocated a total of £772,000.

New College Durham gets £2.5million and South Tyneside College £1.5million.

In total the HEFCE will allocate £5.3billion to 129 universities and higher education colleges and 186 directly funded further education colleges for the coming academic year.