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Higher Education: Finance

Volume 480: debated on Thursday 16 October 2008

To ask the Secretary of State for Innovation, Universities and Skills what funding streams are available to universities on application to (a) his Department and (b) the Higher Education Funding Council for England. (227423)

The Department does not make payments directly to universities and so there are no such funding streams.

The Higher Education Funding Council for England (HEFCE) makes the great majority of its payments to universities in the form of block grant.

In addition to this funding it currently operates the following special funding streams: the Strategic Development Fund, which supports individual projects to achieve change in the HE sector at a strategic level, such as lifelong learning networks, New University Challenge developments, and inter-university collaborations; the Leadership, Governance and Management Fund, which supports staff development across the HE sector; the Revolving Green Fund, which supports initiatives to bear down on carbon emissions on a spend-to-save basis; and the Shared Services Feasibility Studies, which delivers efficiency gains in the HE sector via the use of shared services.

HEFCE will also be making the payments to institutions under the Government's scheme to promote voluntary giving to universities, in which we have made available £200 million to match-fund private donations worth at least £400 million