November 2005/46
Core funding/operations
Invitation
Institutional plans to be submitted by Wednesday 15 March 2006
First-stage competitive bids to be submitted by Tuesday 31 January 2006
Higher Education Innovation Fund round 3
Invitation and guidance for institutional plans and competitive bids
Funding under the third round of the Higher Education Innovation Fund (HEIF 3) is designed to support a broad range of knowledge transfer activities which result in direct and indirect economic benefit to the UK. This document invites HEFCE-funded higher education institutions to submit institutional plans to release their formula funding allocations under HEIF 3, and invites interested, eligible institutions to submit first-stage bids for the competitive funding element.
Provisional, indicative formula allocations, and potential Centre for Knowledge Exchange allocations, are also available.
| To: | Heads of HEFCE-funded higher education institutions Other bodies with an interest in HEIF 3 |
| Of interest to those responsible for: | Interactions between HE and business, the public sector and the wider community; Contract and collaborative research; Continuing vocational education or professional development; Strategic planning; Regional economic development; Knowledge transfer |
| Reference: | 2005/46 |
| Publication date: | November 2005 |
| Enquiries to: | Adrian Hill, HEFCE Simon Whittemore, HEFCE Ashley Malster, Office of Science and Technology Or HEFCE regional consultants (see list at Annex E) |
Table of contents and executive summary (read on-line)
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Invitation and guidance
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Indicative allocations for formula funding and Centres for Knowledge Exchange
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The final allocations of funding under HEIF 3 were published in HEFCE 2006/30.
Contents
- Executive summary
- Programme overview
- Background
- Key principles
- Structure and rationale of HEIF 3
- Formula funding element
- The three components of formula funding
- Balance between components
- Moderating factors of the formula funding calculations
- Collaboration
- Centres for Knowledge Exchange (CKEs)
- The institutional plan
- The competitive element
- Discussion of issues raised in consultation
- Guidance on applying for competitive funding
- Annex A - Details of HEIF 3 formula
- Annex B - HEIF 3 institutional plan template
- Annex C - HEIF 3 Competition - Stage 1 application form
- Annex D - Summary of responses to the consultation on HEIF 3
- Annex E - HEFCE regional consultants
Executive summary
Purpose
1. Funding under the third round of the Higher Education Innovation Fund (HEIF 3) is designed to support a broad range of knowledge transfer activities which result in direct and indirect economic benefit to the UK. This document invites HEFCE-funded higher education institutions (HEIs) to submit institutional plans to release their formula funding allocations under HEIF 3, and invites interested, eligible HEIs to submit first-stage bids for the competitive funding element.
Key points
2. HEIF 3 is a joint initiative from HEFCE and the Office of Science and Technology (OST), and will provide funding to HEIs in England over the core period of August 2006 to July 2008. A total of £238 million is available over the two years 2006-07 and 2007-08. This includes up to £20 million as continuation funding for the successful Centres for Knowledge Exchange (CKE) which were initiated in 2004 under HEIF 2.
3. Under this third round of HEIF, a formula funding allocation is available to all eligible HEIs, and we invite them to submit institutional plans to release this funding. Provisional, indicative formula allocations and potential CKE allocations are published alongside this document on the HEFCE web-site. We are also inviting interested, eligible HEIs to bid for an award from a smaller competitive funding element (although given the limited number of bids that will be funded we do not expect every institution to apply). This document provides guidance notes and criteria for the submission of institutional plans and competitive bids.
4. English HEIs, and other interested parties, were consulted on the proposals for the fund through HEFCE 2005/36 in July 2005. This document explains how we have taken account of their views in finalising our approach; a summary of responses is at Annex D. The consultation document contains further background material which is not repeated here.
Action required
5. Institutional plans should be sent, by e-mail only, to bct@hefce.ac.uk, by 1700 on Wednesday 15 March 2006. First-stage competitive bids and updates for Centres for Knowledge Exchange should be sent by e-mail to the same address by 1700 Tuesday 31 January 2006.