The Teaching Quality Enhancement Fund was established by the Higher Education Funding Council for England, UK, with the declared aims of enhancing the quality of teaching and learning and raising the status of teaching among higher education institutions. This paper considers the three strands of the initiative--subject, institutional, and individual--and uses findings from a variety of evaluation studies to assess the impact of this state sponsored policy. The difficulties in creating cultural change within higher education are discussed. The paper argues, with cautious optimism, that there is evidence of increased attention being paid to teaching in higher education in England, in part, as a consequence of this funded initiative, but that the evidence for wholesale cultural change remains difficult to interpret. (Contains 1 figure and 4 notes.)