Capital Investment Fund 2: Capital allocations for learning and teaching 2012-13; Capital allocations for research 2011-12 to 2014-15

March 2011 | ref: 2011/08

To:

Heads of HEFCE-funded further education colleges, Heads of HEFCE-funded higher education institutions

Of interest to those responsible for:

Senior management, Finance, Estates, IT

This document sets out allocations for the second Capital Investment Fund (CIF2). It includes capital allocations for higher education institutions for learning and teaching for the financial year 2012-13 and for research for the four financial years 2011-12 to 2014-15.

Executive summary

Purpose

1. This document sets out allocations for the second Capital Investment Fund (CIF2). It includes capital allocations for higher education institutions (HEIs) for learning and teaching for the financial year 2012-13 and for research for the four financial years 2011-12 to 2014-15.

Key points

2. The allocations to HEIs under CIF2 are determined by formulae. Capital funding for 2012-13 to 2014-15 is indicative only and subject to confirmation in future grant letters.

3. Using the formulae, we have allocated £49 million to the second Learning and Teaching Capital Investment Fund (TCIF2) for one year; and £549 million to the second Research Capital Investment Fund (RCIF2) for four years.

4. These allocations can be used to invest in HEIs' supporting infrastructure. TCIF2 allocations are at Annex A and RCIF2 allocations are at Annex B.