HEFCE formula capital funding overview
In March 2017 we announced details of formula-based capital allocations to institutions.
We have allocated a total of £1,760 million in formulaic capital funding from 2011-12 to 2017-18 through HEFCE’s Capital Investment Framework (CIF).
Additionally, we reinstated £58 million reductions in the Teaching Capital Investment Fund applied to higher education institutions (HEIs) in 2010-11.
Capital Investment Fund (CIF) 2
In allocating our formulaic capital funds we ask that universities and colleges meet the requirements of the Capital Investment Fund (CIF).
The CIF was introduced in 2008 and developed through consultation with the HE sector. It has informed capital allocations since 2008 and was updated, through consultation, in 2011.
The CIF framework aims to assess the way universities and colleges approach capital investment by asking them to demonstrate that they are:
- managing their physical infrastructure as an integral part of their strategic and operational planning
- ensuring that their plans in this area are environmentally sustainable.
Institutions that meet the requirements of the CIF will receive funds directly on a grant profile in two elements: for teaching and research.
For good practice in the use of capital allocations see Annex D of our March 2011 publication on the Capital Investment Fund.