The Nuffield Foundation committed to spend a record £30.9 million in 2013.
The main reason for this is the 15 five-year grants made under Q-Step, our new programme to promote a step-change in quantitative social science training for undergraduates.
It was also a record year for investments, with our portfolio at a high of £275 million and a return for the year of 16%.
The £19.2 million Q-Step grant funding includes the additional funding received from our partners in the programme, the Economic and Social Research Council (ESRC) and the Higher Education Funding Councilfor England (HEFCE), amounting to £12 million of the total. Aside from that, our grant budget remains stable, and in fact, we have spent slightly less on other grants than budgeted.
Full details of all grants made by the Foundation in 2013 can be found in the Trustees’ Report and Financial Statements. The report also includes information on the findings and impact from grants made in previous years.