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Higher Education: Finance

Volume 474: debated on Tuesday 1 April 2008

To ask the Secretary of State for Innovation, Universities and Skills when he expects to implement the matched funding for funds raised by universities mentioned in the former Prime Minister's comments at Brunel University on 15 February 2007; and if he will make a statement. (196903)

The HE voluntary giving scheme is an unprecedented opportunity for institutions to increase their capacity to attract donations and I am delighted by the amount of enthusiasm it has generated among universities and potential donors. As we have already announced, the start date for donations to be eligible for the scheme will be 1 August 2008 and the matched funding will be paid retrospectively.

Following extensive consultation with the sector and fundraising experts, we will shortly be announcing the final structure and rules of the scheme so that institutions are able to prepare for the start date.