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The University of Oxford has secured over £139m in research funding from the Higher Education Funding Council for England (HEFCE) for the academic year 2015-2016 - more than any other institution.

This represents an increase of 1.7% on the current year and follows Oxford’s success in the 2014 Research Excellence Framework (REF), the official UK-wide assessment of the quality and impact of all university research, which found that Oxford has the largest volume of world-leading research in the country.

The Vice-Chancellor of the University of Oxford, Professor Andrew Hamilton, said: ‘We are delighted that our world-leading quality research has been recognised not only in our top ranking in the Research Excellence Framework but now also in this much-needed funding for our research, which continues to benefit communities the world over.’