University of Oxford – over £3.3 million has been awarded to establish a forward looking world class research centre in the Analysis of Non-linear Partial Differential Equations (PDEs).
…
Universities of Cambridge and Oxford and Imperial College London – almost £6 million to create a new collaboration of complementary expertise between the Physics Departments at Cambridge, Imperial & Oxford in the area of quantum coherence…

The money is going to leading research-intensive universities. Four out of the seven awards are for joint projects, indicating how even players like Cambridge and Imperial are having to collaborate to keep up with the international competition.