We receive an annual guidance letter from the Department for Education (DfE) which sets out our priorities for the coming year, and tells us how much money to distribute to higher education providers.
A framework document sets out the way we work with the DfE.
We receive funding from the DfE for our operational costs. In future, a proportion of these costs will come from fees from registered higher education providers.
We must be accountable for how we spend this money. We will publish our first Annual Report and Accounts in summer 2019.