July 2005/36
Core funding
Consultation
Comments should be sent to HEFCE by Wednesday 5 October 2005
Higher Education Innovation Fund round 3
Funding proposals
This document invites comments from all interested parties on proposals for a third round of funding under the Higher Education Innovation Fund (HEIF 3). HEIF 3 will provide funding to higher education institutions in England over the period August 2006 to July 2008.
Responses to the consultation, Annex D of 2005/46 (November 2005)
| To: | Heads of HEFCE-funded higher education institutions Other bodies that will potentially be involved in the HEIF 3 initiative, including business-related organisations |
| Of interest to those responsible for: | Interactions between HE and industry, the public sector and the wider community; Contract and collaborative research; Continuing vocational education; Strategic planning; Regional economic development; Knowledge transfer |
| Reference: | 2005/36 |
| Publication date: | July 2005 |
| Enquiries to: | Adrian Hill, HEFCE Simon Whittemore, HEFCE Ashley Malster, Office of Science and Technology Or HEFCE regional consultants (see list at Annex B) |
Executive summary (read on-line)
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Executive summary
Purpose
1. This document is a joint consultation from HEFCE and the Office of Science and Technology (OST) on proposals for a third round of funding under the Higher Education Innovation Fund (HEIF 3). HEIF 3 will provide funding to higher education institutions (HEIs) in England over the period August 2006 to July 2008.
2. These proposals for HEIF 3 should be considered in the context of government policies for enhancing the volume and effectiveness of collaboration between higher education (HE) and business and other organisations in the wider community outside the HE sector, such as health and other public services, local government and the voluntary sector (referred to hereafter as 'other partners'). The continuing development and embedding of HEIF contributes directly to these policy aims, and it will enable HEIs to interact with and complement other publicly funded initiatives.
Key points
3. Under the third round of the Higher Education Innovation Fund we propose to make available a formula funding allocation to all eligible HEIs and will invite them to submit institutional plans to release this funding. We will also invite interested, eligible HEIs to bid for an award from a smaller competitive funding element.
4. A total of £238 million will be available over the two years 2006-07 and 2007-08. This includes £20 million as continuation funding for the successful Centres of Knowledge Exchange which were initiated in 2004 under HEIF 2.
5. We welcome the views of HEIs and others on the strategic priorities and funding proposals for this third round of the HEIF initiative.
6. Comments are invited on any aspect of HEIF 3, and in particular regarding:
- the source(s) and type of data for the external income (second) component of the formula element of HEIF 3
- the inclusion of a third component in the formula element, to reflect activities that generate little or no income
- the balance of funding between the three formula components and the longer as well as short term implications of the formula
- a transitional factor to protect HEIs from a large drop in funding compared with HEIF 2
- encouragement and appropriate support for collaborations
- the types of collaboration and priority action areas for the competitive element
- the evaluation criteria for the competitive element and approaches to managing the quantity of bids.
Action required
7. Responses should be sent, by e-mail only, to bct@hefce.ac.uk, by Wednesday 5 October 2005.
8. This is a joint consultation, and responses will be shared with OST. A summary of responses and any resulting actions will be published alongside the full HEIF 3 guidance document.