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"We are seeing little evidence of credit quality fundamentally changing," the fund declared.
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Changing the funding rules could help change that mind-set.
But, more importantly, Hefce kept changing the funding formula.
Most are closely tied to the issue of funding, which is why changing the funding system of the NHS is essential to any serious reform.
The £30m new funding is a significant further step in changing the funding structure of social programmes where innovation, flexibility and rigour are needed.
Its sexually explicit images caused a political storm in Washington that led the Corcoran Gallery to cancel the show and resulted in changing the funding rules of the National Endowment for the Arts.
Both Mr Clarke and Mr Cole also played active roles in the Trade Union Reform Campaign TURCC), described by a CCHQ insider as a "hit-and-run lobby group" aimed at changing the funding and legal status of trade unions.
Earlier this year the government said it was considering changing the funding formula.
Science: The most recent evaluation of the national research centers recommended changing the funding and organizational framework and also extending cooperation with German universities.
Health spending priorities see more money spent in areas of deprivation than affluent areas, but NHS England is consulting on changing the funding formula.
Changing the funding formula would mean there would be winners and losers and many other councils are happy with it as it stands.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com