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Dear Vice-Chancellor

Additional capital for learning and teaching 2013-14

1. Following receipt of the 2014-15 grant letter from the Department for Business, Innovation and Skills on 10 February 2014, the HEFCE Board has agreed to increase the 2013-14 capital for learning and teaching allocation by £20 million.

2. These funds have been allocated on the same basis as those announced in our publication ‘Capital Investment Fund 2: Capital allocations for learning and teaching 2013-14; Additional capital allocations for research 2013-14 and 2014-15’ (HEFCE 2013/08).

3. Where institutions have yet to meet the requirements of the second round of the Capital Investment Fund, we have announced only 60 per cent of their formula-based allocation.

4. These funds will be paid in one instalment in March 2014.

5. No action is required in response to this letter.

Yours sincerely

Professor Madeleine Atkins
Chief Executive

Date: 4 March 2014

Ref: Circular letter 03/2014

To: Heads of HEFCE-funded higher education institutions

Of interest to those
responsible for:

Finance, Estates

Enquiries should be directed to:

Donna Iafrati, tel 0117 931 7357, e-mail d.iafrati@hefce.ac.uk