February 2003/05
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| To: | Heads of HEFCE-funded higher education institutions Heads of universities in Northern Ireland |
| Of interest to those responsible for: | Links with business and the community, Research, Continuing vocational education, Funding, Planning |
| Reference: | 2003/05 |
| Publication date: | February 2003 |
| Enquiries to: | Adrian Day tel 0117 931 7428 e-mail a.day@hefce.ac.uk |
Executive summary (read on-line)
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Executive summary
Purpose
1. This document gives allocations of additional transitional funding for 2003-04, to maintain the continuity of resources and activity designed to improve the links between English higher education institutions (HEIs) and business and the wider community. This reinforces the Government's commitment to a permanent third stream of funding, alongside those for teaching and research. The document also asks HEIs to submit plans showing how they propose to use the additional funds.
Key points
2. We have made up to £10 million available to continue to support activity developed with funding from the first round of the Higher Education Reach-out to Business and the Community (HEROBC) Fund. This additional funding has been allocated to HEIs that received single institution or collaborative awards in the first round. It is intended to mitigate the drop in third stream resourcing between the end of their HEROBC funding and the potential availability of further grants from the Higher Education Innovation Fund.
3. HEIs are required to submit plans to show how they will apply the transitional funding to support and sustain activity developed under the first round of HEROBC. We have allocated funding proportionately to each HEI's first round HEROBC award or awards (see Annex A).
Action required
4. Plans should be sent by e-mail to Adrian Day (a.day@hefce.ac.uk) by Friday 11 April 2003.