In the UK, periodic assessment of research in universities has taken place since 1986. The most recent took place during 2014 with the results being published at the end of the year. This evaluation is concerned with art and design though all disciplines were included in the assessment. The method used for assessing research quality is outlined and the results summarised. The lessons drawn from the evaluation by REF2014 are detailed. A number of issues are identified and discussed. These include the staff selected for submission, the method of evaluation, and a cost-benefit analysis of the process