The body which distributes funding for teaching and research to support higher education provision in colleges and universities. HEFCE was set up as a non‐departmental body in 1992, following the Further and Higher Education Act of that year which awarded polytechnics university status. Separate councils were established for Wales (Higher Education Funding Council for Wales) and Scotland (the Scottish Funding Council). Although the HEFCE does not form part of the Department for Innovation, Universities, and Skills, it operates within the framework of policies set out by the Secretary of State for that department.
http://www.sfc.ac.uk/ Summarizes the work of the Scottish Funding Council.
http://www.hefce.ac.uk/research/ Explains HEFCE's role in supporting research.