Editing Research Assessment Exercise (section)

==Planned changes to RAE system==
It was announced<ref>{{cite news|last=Shepherd|first=Jessica|title=A difficult patch|url=https://www.theguardian.com/education/2007/jan/30/researchassessmentexercise.research|access-date=20 August 2013|newspaper=Guardian|date=30 January 2007}}</ref> in the 2006 [[Budget]] that after the 2008 exercise a system of [[performance indicator|metrics]] would be developed in order to inform future allocations of QR funding. Following initial consultation with the higher education sector, it is thought that the Higher Education Funding Councils will introduce a metrics based system of assessment for subjects in science, technology, engineering and medicine. A process of peer review is likely to remain for mathematics, statistics, arts, humanities and social studies subjects.

HEFCE has developed a new set of arrangements, known as the [[Research Excellence Framework]] (REF),<ref>{{cite web|title=Research Excellence Framework|url=http://www.ref.ac.uk/|work=REF 2014|access-date=20 August 2013}}</ref> which has been introduced as a follow on to the 2008 RAE.