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Research: Finance

Question for Department for Education

UIN 104389, tabled on 14 January 2022

To ask the Secretary of State for Education, what plans his Department has to increase the value of the Strategic Priorities Grant.

Answered on

21 January 2022

​The Strategic Priorities Grant is funding supplied by the government on an annual basis to support higher education providers’ ongoing teaching and other related activities. In the 2021/22 financial year the Strategic Priorities Grant was worth £1.4 billion and we asked the Office for Students (OfS), which administers the grant, to prioritise funding towards high-cost, high-value subjects that support the NHS and wider healthcare policy, high-cost science, technology, engineering and maths (STEM) subjects and/or specific labour market needs. As a result, the total funding for high-cost subjects, such as medicine, engineering and other high-cost subjects, is 12% (£81 million) higher in 2021/22 compared to 2020/21. We also increased funding for specialist providers by £10 million.

The department is working to finalise funding for the Strategic Priorities Grant for the 2022/23 financial year and we will issue guidance to the OfS in due course.