University Grants Commission is the body responsible for funding most of the State Universities in Sri Lanka, and operates within the frame work of the Universities Act No.

A public organisation, established under the Parliament Act No 16 of 1978.

Location is at No 20, Ward Place Colombo 07.

It distributes public money, allocated by the Government for teaching and research to universities and university affiliated institutes, as such controls much influence and appointments at state universities.

The official functions of the UGC are; The Universities Act provides for seven members of the Commission appointed by the President.