The University of Glasgow's Research and Teaching Grant for 2005/6 will total £120.5M, an increase of £5.9M on the current year.

Glasgow retains its top position in Scotland as the recipient of the largest funded Teaching Grant at £81.36M. It also received the top Knowledge Transfer Grant, with a huge increase of 109% on the previous year.

In addition, the significant boost of 7.6% to £38.5M of Research Grant - one of the highest percentage increases in Scotland - reflects the University's increasingly successful research record. We maintain our leading position with Edinburgh University as the largest recipients of research funding in the country.

The Principal, Sir Muir Russell, said:
'I am pleased that the University of Glasgow will receive an extra £5.9M in 2005-06, in recognition of our leading contribution to world-class research and to top-quality teaching which meets the needs of learners from a wide diversity of backgrounds. This represents an increase of 5.2% in the amount we were awarded by the Scottish Higher Education Funding Council last year.

'This funding affirms our status, along with the University of Edinburgh, as Scotland's major research powerhouse. It rewards us for our role as Scotland's top university for teaching, and particularly for our outreach work to make sure our expertise helps as many people and businesses as possible.

'We have achieved a rise of over 100% in the Knowledge Transfer Grant, which rewards our work to make the University's research expertise available to businesses and to individuals. In the last year alone the University of Glasgow has worked on over £12M of commercial research with over 300 companies, 92 of them Scottish. Our research expertise is directly creating jobs: for instance Intense Photonics now employs 60 people in producing advanced semiconductor products, building on our world-leading optoelectronics research work.

'We are currently engaged in a process to decide where best we can invest these resources to secure the University's sustainable academic excellence. I have been making it clear to staff in recent communications, including the current round of Principal's Talks, that I did not expect the SHEFC funding settlement to exempt us from having to make clear choices about how we help our areas of excellence to grow, and how we manage our commitment of resources to areas which make a lower contribution to our academic excellence or financial sustainability.

Now that we have firm figures from SHEFC, I am looking to faculties and AIMS to come up with clear proposals for how we build our academic excellence within the resources available to us.'

For further key information on Glasgow's allocation see: Grant Allocation key points

For full details on all SHEFC funding allocations, please see: SHEFC

Media Relations Office (media@gla.ac.uk)

First published: 17 March 2005