Funds for research are allocated though the Research Capital Investment Fund element of the CIF. We have allocated £1,024 million through this element for the financial years 2011-12 to 2016-17.
The Research Capital Investment Fund aims to:
- contribute to the long-term financial sustainability of an HEI’s research and the supporting physical infrastructure
- contribute to reducing carbon emissions, improved space utilisation, and increased sharing and utilisation of research equipment
- promote collaborative partnerships between HEIs, industry, charities, Government and NHS Trusts
- promote world-leading research capability in all disciplines with the capacity to respond to developing national priorities.
In addition in 'Arrangements for the second Capital Investment Framework' (HEFCE Circular letter 17/2010) we identified two new areas that needed to be addressed: reduction of carbon emissions and improving space usage.
Within our research funding we allocate funds through two further elements:
Higher Education Research Capital England
We distribute these funds according to the proportion of research income HEIs receive from Research Councils UK.
Research Capital England
We distribute this element in proportion to the sum of HEFCE quality-related research funding and research income from selected sources.