Evaluation of HEFCE's investment in good management practice development in the HE sector
Summary
HEFCE aims to promote value for money in the higher education sector, and one element of its approach is to encourage good management. It has invested in good practice through two initiatives: the Good Management Practice Fund and the Leadership, Governance and Management (LGM) Fund. This review looks at the impacts and outcomes of this investment, the administrative arrangements for the funds, and how they were viewed by applicants.
The report concludes that HEFCE's investment has made a significant contribution to improving LGM practice in English higher education. Most of the projects would not have taken place without HEFCE support, and the funding has stimulated innovation, risk-taking and practical improvements in areas such as governance, estates, and managing relationships with staff, students and trade unions. Universities and colleges have welcomed these 'pump-priming' funds as a way to build the sector's capacity while minimising the risks to individual institutions.
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