There continues to be a significant investment in research. Total research capital will amount to £549 million over four years, and will be distributed by formula based on Research Council income, HEFCE quality-related (QR) funding and other research income (see Note 4).
The December 2010 grant letter from the Secretary of State to HEFCE announced capital funding of £223 million for 2011-12, with further indicative funding of £245 million for 2012-13, along with indicative research capital funding for 2013-14 and 2014-15 (see Note 5 for details of how these funds are to be distributed). The components are as follows:
In addition HEFCE is announcing £10 million for a second Revolving Green Fund. This will build on the success of the first round, and includes £4 million recycled from the first round plus additional funding over 2011-12 and 2012-13 (see Note 8).
Sir Alan Langlands, Chief Executive of HEFCE, said:
'Students and researchers are reaping the benefits of many years of significant capital investment provided by HEFCE, but the level of that investment is now inevitably decreasing as the Government tackles the fiscal deficit.
'There is still significant investment in research, and we have been able to reinstate £58 million in teaching capital funding that we had been unable to provide in 2010-11.The capital funding we are allocating for teaching and research will make a contribution to buildings and equipment, enabling universities and colleges to continue developing their estates in a sustainable way. I am particularly pleased we have been able to build on the success of universities and colleges in reducing carbon emissions by providing a further £10 million to the Revolving Green Fund.'
Details of the capital programmes over 2011-12 and 2012-13 are below.
|Programmes||2011-12 £M||2012-13 £M|
|Joint Information Systems Committee*||20||20|
|Strategic Development Fund*||30||20|
|Revolving Green Fund*||1||5|
|Open Education Resource||4||4|
|Teaching Capital Investment Fund||54||53|
|Directly funded further education colleges||3||3|
|Research Capital Investment Fund||111||140|
* These programmes are funded from both teaching and research capital (two-thirds from teaching and one-third from research).
The total for the Teaching Capital Investment Fund of £107 million over 2011-12 and 2012-13 will meet the £58 million reinstatement of teaching capital that was withheld in 2010-11 and the £49 million for the first year of the second round.