Memorandum of assurance and accountability
The memorandum of assurance and accountability between HEFCE and the institutions we fund sets out the terms and conditions for payment of HEFCE grants.
It supersedes HEFCE’s financial memorandum (HEFCE 2010/19) and takes effect from 1 August 2014. We consulted on revisions to the memorandum at the end of 2013.
Memoranda of understanding
We agreed with three key regulators a protocol for the exchange of institutional risk information. This is an efficient way of promoting institutional accountability and easing the regulatory burden on HEIs.
Memorandum of understanding between the Research Councils UK and HEFCE
Memorandum of understanding between the National College for Teaching and Leadership and HEFCE
Memorandum of understanding between the Student Loans Company and HEFCE
Financial health of the sector
We also compile annual reports that summarise the financial health and future financial sustainability of the English higher education sector.