The assumed connection between funding and quality in higher education appears to have broken down, according to an analysis of teaching funding published by The THES this week.
The analysis, by Peter Knight, vice chancellor of the University of Central England in Birmingham, shows that an apparent link between institutions receiving above-average funding and teaching assessed as "excellent" in 1993/94 was "completely overridden" this year.
The analysis also shows a shift in funding from "old" to "new" universities of more than Pounds 25 million.