Common use of Expenditure Clause in Contracts

Expenditure. This assessment of our current progress has led us to conclude that substantial investment in additional access measures is called for. In 2012/13, a total of £7.8m will therefore be invested in these measures, rising to £11.89m in 2015/16 (steady state).This represents 35% of the total income from additional fees. A high level summary of how this investment will be attributed in steady state is provided in the table below. The amounts quoted will rise annually in line with inflation (assuming that fee levels also rise to reflect inflation). The balance of investment across the different categories reflects our assessment of current priorities. For example, increasing investment in outreach has been prioritised over supporting retention but we have nevertheless recognised the need for some additional transitional support for students recruited from under represented groups. This balance will be kept under review in the light of levels of progress. In particular, improved recruitment of students from low income backgrounds has the potential to impact significantly on the cost of our student finance package, which may need to be adjusted accordingly in future years. Further detail (including details of proposed investment during the intervening years) is provided in Appendices One and Three. Outreach activities £2.01m Progression/retention activities £0.57m Other continuing activity (e.g. job shop; student funding advisers) £0.43m Student Hardship Funding £0.25m Student Finance Package £8.63m TOTAL REINVESTMENT £11.89m

Expenditure. This assessment of our current progress has led us to conclude that substantial investment in additional access measures is called for. In 2012/132013/14, a total of £7.810.1m will therefore be invested in these measures, rising to £11.8912.2m in 2015/16 2016/17 (steady state).This represents 35around 31% of the total income from additional fees. All of this expenditure will be OFFA countable. A high level summary of how this investment will be attributed in steady state is provided in the table below. The amounts quoted will rise annually in line with inflation (assuming that fee levels also rise to reflect inflation). The balance of investment across the different categories reflects our assessment of current priorities. For example, increasing investment in outreach has been prioritised over supporting retention but we have nevertheless recognised the need for some additional transitional support for students recruited from under under-represented groups. This balance will be kept under review reviewed in the light of levels of progress. In particular, improved recruitment of students from low income backgrounds has the potential to impact significantly on the cost of our student finance package, which may need to be adjusted accordingly in future years. Further detail (including details of proposed investment during the intervening years) is provided in Appendices One and Three. Outreach activities £2.012.6m Progression/retention activities £0.57m Other continuing activity (e.g. job shop; student funding advisers) £0.43m Student Hardship Funding £0.250.6m Student Finance Package £8.639.0m TOTAL REINVESTMENT £11.8912.2m