Conditions of direct funding
We require colleges in a direct funding relationship with HEFCE to complete a number of annual data returns. This is a condition of the funds which we allocate to them. They must also meet a series of other requirements.
We set out funding arrangements with individual institutions each year. This is known as the ‘funding agreement’. We send a funding agreement specifically for colleges over the summer.
The funding agreement sets out:
- the common terms and conditions which apply to all colleges funded by HEFCE
- the conditions specific to the college
- a schedule of funds we will allocate in the academic year
- the programme of HE which the college has agreed to run in return for the funds.
The agreement also makes it clear that the college needs to submit annual data returns.
More information about the funding agreement (under ‘July 2014 announcement’)
So what do colleges have to do?