HEIF Funding increased

11 10 2007

HEFCE have welcomed the confirmation by the Government that funding for the fourth round of the Higher Education Innovation Fund (HEIF) will rise to a final year allocation of £150 million for 2010-11.  The Government’s announcement was made by the Secretary of State for Innovation, Universities and Skills in confirming science budget allocations. This follows the publication last Friday of Lord Sainsbury’s Review of science and innovation policies and the Government’s acceptance of all the Sainsbury recommendations. The Sainsbury review recommended  that the next round of funding provided through the Higher Education Innovation Fund (HEIF) should be allocated wholly by formula, and that a greater share of funding should support knowledge transfer between universities working with regional and local firms, many of whom may not have worked with a university before.

In a Press Release, HEFCE welcomed the annoucement and stated that the funding would enable HEFCE “to deliver a noticeable uplift in third stream funding across most HEIs” and “to deliver fully on the recommendations on HEIF set out in Richard Lambert’s review of business-higher education collaboration in 2003″.




One response

28 11 2007
Method for allocating HEIF funds « NCGE Blog

[…] for allocating HEIF funds 27 11 2007 Following the welcome announcement of an increase in HEIF funding, HEFCE have today circulated EP 04/2007 Higher Education Innovation Fund (HEIF 4): method for […]

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