January 2005/05 (web only)
Special initiative
Allocation of funds
This report is for information
Knowledge Transfer Capability Fund
Funding allocations
This document lists the funding allocated from the Knowledge Transfer Capability Fund, for the two years 2004-05 to 2005-06. It also provides details of the funding criteria and process.
| To: | Heads of HEFCE-funded higher education institutions |
| Of interest to those responsible for: | Relations between HE and business and the wider community, Contract and collaborative research, Continuing vocational education, Strategic planning |
| Reference: | 2005/05 |
| Publication date: | January 2005 |
| Enquiries to: | Tony Jacobs
tel 0117 931 7041 e-mail t.jacobs@hefce.ac.uk |
Executive summary (read on-line)
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Executive summary
Purpose
1. This document lists the funding allocated from the Knowledge Transfer Capability Fund for 2004-05 and 2005-06, and provides details of the funding criteria and process.
Key points
2. A fund of up to £12 million has been established over the two years 2004-05 and 2005-06. It has been allocated to 40 higher education institutions (HEIs), to underpin their knowledge transfer activity until 2006-7, when the third round of the Higher Education Innovation Fund (HEIF 3) is introduced. The Office of Science and Technology (OST) and HEFCE will contribute up to £9 million, and other organisations and/or HEIs themselves will contribute around £3 million. HEFCE will administer the OST/HEFCE element of this funding.
3. Funding has been allocated by formula, using institutional core allocations from the first round of HEIF as a starting point. Individual HEIs' allocations were subject to a minimum of £200,000 and maximum of £900,000. We have also included some HEIs that did not receive HEIF1 support, giving some of them resources for the first time to develop stronger knowledge transfer capability.
4. Offers of funding to individual institutions were made in July 2004 in a joint letter from Sir Keith O'Nions, Director General Research Councils, OST, and Sir Howard Newby, Chief Executive, HEFCE.
Action required
5. No action is required.