They finally arrived yesterday. BIS published both the HEFCE grant letter and the SFA’s Skills Funding Statement. One was 6 pages and the other 60 but they both delivered roughly the same amount of cash to the FE and HE sectors. They also delivered more or less what had been set out in the Autumn Statement – i.e. some quite significant cuts to both sectors but not too much more on top of what George Osborne delivered in December. Andy Westwood gives some early thoughts on the letters and the scramble over funding that will come.