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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 The information on this website is historical and is no longer maintained.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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Business research

We provide additional support for research that universities carry out with business and industry. The funding amounted to approximately £64 million in 2017-18. 

The business support element encourages universities to collaborate with business and other non-academic organisations over research activity and to develop relationships with industry. 

Institutions must attract money from industry to qualify for the funds. We allocate the money as a fixed sum which we allocate between institutions in proportion to their qualifying income. 

Funding method

Institutions report the income they receive from industry in their financial return to the Higher Education Statistics Agency.

For 2017-18, we will allocate a fixed pot of £64 million to institutions in proportion to a rolling four-year average of their business income.

Page last updated 7 June 2017