The allocations are the first to be made under the TTA's new arrangements.
The new arrangements aim to ensure that a growing share of intakes goes to high quality providers, and that the system of funding is both open and fair.
For the first time this year, the funding allocations have been based on a standard price tariff, with transitional adjustments for providers who would otherwise stand to gain or lose more than five per cent.
'The allocations involved difficult decisions because of the downward revisions to the DfEE's intake targets.
'Despite that, the TTA's commitment to quality has been maintained. For example, the proportion of primary intakes going to providers in the top two quality categories will rise from 51 per cent in 1996/97 to 55 per cent in 1997/98.
'In addition, a big step has been taken towards common prices for the same type of courses.'
'The figures for 1997/98 are now firm, but those for 1998/99 and 1999/2000 remain provisional and indicative.
'Guarantees will be applied to the targets for the two later years according to providers' quality categories - 100 per cent for Category A providers, 95 per cent for Category B, and 90 per cent for Category C.
'Category D and E providers will have no guarantees at all.'
The TTA's chief executive, Anthea Millett is confident that the new arrangements will lead to higher standards: 'The TTA has always stressed the importance of its funding powers.
'The link between quality and funding must remain. It has been a powerful lever in raising standards, allowing us to reward high quality providers and show others that they need to improve.'
The funding and student allocations were agreed by the TTA's board at its January meeting, when it was also agreed to allocate up to an additional two million pounds to support secondary partnership arrangements.