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<p>The Strategic Priorities Grant (SPG) is funding which is supplied by the government
on an annual basis to support teaching and students in higher education (HE). This
funding also includes subjects that are expensive to deliver, such as science and
engineering, students who are at risk of discontinuing their studies, and world-leading
specialist providers.</p><p> </p><p>The department is investing hundreds of millions
of pounds in additional funding over the three-year period from 2022/23 to 2024/25.
This is to support high-quality teaching and facilities including funding for science
and engineering, subjects that support the NHS, and degree apprenticeships. This includes
the largest increase in government funding for the HE sector to support students and
teaching in over a decade.</p><p> </p><p>In the 2023/24 financial year, over half
of the total £1,454 million SPG recurrent funding budget is being directed towards
the provision of high-cost subjects that support the NHS and wider healthcare policy
(for example, medicine and dentistry), science, engineering, and technology subjects,
and specific labour market needs.</p><p> </p><p>There is also £276 million of Student
Premium and mental health funding available this academic year, 2023/24, to support
students who need additional help, including disadvantaged students. This funding
complements the help universities are providing through their own bursary, scholarship
and hardship support schemes. The department is now making a further £10 million of
one-off support available to support student mental health and hardship funding. It
will continue to liaise with the Office for Students on the impacts of cost-of-living
pressures.</p><p> </p><p>Over the three-year period from 2022/23 to 2024/25, the department
is also providing £450 million in capital funding to invest in teaching and learning
facilities which meet the government’s strategic priorities.</p><p> </p><p>The next
SPG allocations will be announced ahead of the 2024/25 academic year.</p>
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