Having spent a few days trying to get cleared up what the situation is regarding the possible money available as a result of the REF, and got varying responses, none too clear, I've added a new paragraph (in bold italics) to this piece. Suffice it to say that there may or may not be any money (and how much there is is likely to be much reduced - although given there was none for the arts and humanities last time, it may be impossible for it to be reduced) and I don't think the overall situation is much improved.