HEFCE announces £2.4 billion in capital funding

31 January 2008

HEFCE has announced the distribution of £2.4 billion in capital funding for learning and teaching, research and infrastructure over the next three years.

The allocations to higher education institutions (HEIs) for 2008-2011 has been announced in a publication titled 'Capital Investment Fund' (HEFCE 2008/04).

The funding distributed by formulae consists of:

  • £1,086 million as the Learning and Teaching Capital Investment Fund
  • £1,276 million as the Research Capital Investment Fund.

Steve Egan, Deputy Chief Executive of HEFCE, said:

'These allocations are good news for universities and colleges, as they will enable them to invest in their buildings and equipment in a sustainable way over the longer term. They can now plan with greater confidence and strategically invest in their infrastructure to enhance the quality of learning and teaching for students and support world class research.'

'Funding will also enable us to continue bringing HE provision to communities where there is an under-provision of higher education. So the allocations to HEIs include amounts that take account of indirect funding arrangements.'

'Within our overall approach to sustainable development we will continue to work with universities and colleges to ensure that building programmes are planned in a sustainable way, including to contribute to meeting targets to reduce carbon emissions.'

Notes

1. The new Capital Investment Fund is capital funding to support investment in buildings, technology and equipment (the HEIs' physical infrastructure)

2. The Department for Innovation Universities and Skills announced capital funding for higher education capital funding for research within the Science Budget on 11 December 2007.

3. In addition to institutional allocations, HEFCE has agreed that £290 million over 2008-09 to 2010-11 will be invested in sector-wide capital programmes such as the Revolving Green Fund, Joint Information Systems Committee and the Strategic Development Fund.

Page last updated 20 March 2012

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