To cushion the blow, HEFCE will taper funding gradually. The University of Greenwich medical department, with an RAE rating of 3a, will receive £1.18 million in cuts. Parliament elevated the former Polytechnic Institute to university status under the Further and Higher Education (Scotland) Act 1992 as part of a national campaign to increase competitiveness. "This decision makes it difficult to nurture new, up-and-coming universities. ...If you strangle research funding at an early stage, what's the chance of developing into a higher grade?" asks Carl Smith, Polytechnic University's press officer. Smith says administrators plan to distribute the cuts so that no one center receives the brunt. "Fortunately we also have other avenues of income to draw from."
The HEFCE funding reductions follow an unprecedented improvement in overall RAE quality ratings and a 10% boost in overall funding that will lift the total life science research budget from £231 million in 2001 ...