Funding

Funding for UGC-funded universities is composed of recurrent grants and capital grants.  The former are to support universities' academic work and related administrative activities.  The latter are used to finance major works projects and minor campus improvement works.

• Recurrent Grants

  The bulk of the recurrent grants are disbursed to universities normally on a triennial basis to tie in with the academic planning cycle, and in the form of a block grant to provide universities with maximum flexibility in internal deployment.  Once allocations are approved, universities have a high degree of freedom in deciding on how the resources available are put to best use.

  Determination of the grants to universities is largely based on an established formula.  The funding formula is the key parameter used to assess universities' needs.  But in finalising its funding recommendations, the UGC also takes into account the special needs of individual universities and other factors not captured by the formula and will introduce extraformulaic adjustments where required.

  Following the Government established mechanism, funding recommendations will be submitted to the Government and approved by the Legislative Council.

  
  Funding Schemes / Grants

  UGC-funded universities have also been provided with funding support under the recurrent grants to carry out various initiatives for specified purposes. Examples of such funding schemes / grants are –

  • Student-Athlete Learning Support and Admission Scheme
  • Special Grant to Enhance the Support for Students with Special Educational Needs
  • Teaching Development and Language Enhancement Grant
  • Fund for Innovative Technology-in-Education
  • Funding Scheme for Mainland and Global Engagement and Student Learning Experience
  • Recurrent Funding on Knowledge Transfer


• Capital Grants

  Capital projects carried out by universities are supported by capital grants which are sought from the Government on an annual basis by way of two avenues, namely the Capital Programme, and the Alterations, Additions, Repairs, and Improvements (AA&I) Programme.

  The two avenues are characterised by a double-approval process through which all projects have first to be vetted by the UGC before the selected ones are put forward to the legislature for the seeking of funds.  As regards the Capital Programme, there is an additional process for UGC selected projects to be subject to a competitive selection process by the Government.