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HEFCE closed at the end of March 2018. The information on this website is historical and is no longer maintained.

Many of HEFCE's functions will be continued by the Office for Students, the new regulator of higher education in England, and Research England, the new council within UK Research and Innovation.

The HEFCE domain - www.hefce.ac.uk - will continue to function until September 2018. At this point we will close the site entirely and all its information will only be available from the National Web Archive.

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All higher education institutions are required to submit annual accountability returns according to the deadlines set out in the Circular letter 'Annual accountability returns 2017: Request for information'.

We take assurance from a suite of accountability returns which must be submitted to HEFCE by specified dates. These include: audited financial statements, financial forecasts and independent audit reports.

They provide us with a view of each institution’s processes for risk management, control and governance, financial sustainability, promoting value for money, and managing and quality assuring data.

By using information and assurances, much of which is already available for internal management and assurance purposes by the institution, we are able to minimise our requirements and reduce burden.

We analyse the annual accountability returns, and then carry out a risk assessment of each institution.

Page last updated 22 November 2017