London Institute

Education and Skills written question – answered on 28th January 2003.

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Photo of Mr Nigel Beard Mr Nigel Beard Labour, Bexleyheath and Crayford

To ask the Secretary of State for Education and Skills how much public money has been given to the London Institute; and how the use of this money has been accounted for in each year since the foundation of the Institute.

Photo of Margaret Hodge Margaret Hodge Minister of State (Education and Skills) (Lifelong Learning, Further and Higher Education)

The following table shows the total income and the amount received from funding council grants for the London Institute each year since 1994–95.

£million
London Institute Total income Funding Council grant income(20)
1994–95 57,728 38,020
1995–96 60,619 38,159
1996–97 64,954 37,439
1997–98 69,446 38,389
1998–99 71,968 42,041
1999–2000 78,075 44,073
2000–01 83,474 45,593

(20) The funding council grant includes funding from the Higher Education Funding Council for England, and from the funding bodies for further education in England.

Source:

Table 1, HESA annual publication "Resources of Higher Education Institutions".

There is a financial memorandum between each institution and each of the funding councils from which they receive public funding. This sets out the responsibilities of each party including financial management and the arrangements for audit and monitoring.

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