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HEFCE closed at the end of March 2018. The information on this website is historical and is no longer maintained.

Many of HEFCE's functions will be continued by the Office for Students, the new regulator of higher education in England, and Research England, the new council within UK Research and Innovation.

The HEFCE domain - www.hefce.ac.uk - will continue to function until September 2018. At this point we will close the site entirely and all its information will only be available from the National Web Archive.

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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.

Page last updated 13 April 2017