Research income received by higher education institutions in England from UK-based charities for the last five academic years for which date are available is shown in the table. The information is not collected by financial year.
Income (£ million) 2001/02 504 2002/03 542 2003/04 577 2004/05 586 2005/06 610 Source: Higher Education Funding Council for England.
The Charity Research Support Fund does not aim to cover a fixed percentage of the full economic cost of projects. It is a contribution by the Government to the joint efforts of charities and higher education institutions to make charity-funded research financially sustainable by the end of this decade. In the 2007/08 academic year, the Charity Research Support Fund will be worth £180 million. Allocation of that money by the Higher Education Funding Council for England will be based on charity funding of eligible projects in 2005/06, which totalled £599.85 million.
I refer the hon. Member to the reply I gave on 19 July 2007, Official Report, column 550w.