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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

Download the Memorandum of understanding between the Research Councils UK aad HEFCE as PDF (148 KB)

Memorandum of understanding between the National College for Teaching and Leadership and HEFCE

Download the HEFCE_and_NCTL_memorandum_of_understanding as PDF (387 KB)

Memorandum of understanding between the Student Loans Company and HEFCE

Download the MoU_between_SLC_and_HEFCE as PDF (435 KB)

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.