National policy · Finance, funding and sustainability · United Kingdom
Research England opens consultation on simplifying Higher Education Innovation Fund formula
Research England has launched a consultation on the formula behind the Higher Education Innovation Fund (HEIF), proposing a simpler fund that responds more closely to economic growth priorities.
Why it matters: Institutions that receive Higher Education Innovation Fund money face proposals to change the formula that allocates it.
Research England, part of UK Research and Innovation (UKRI), has launched a consultation on the future of the formula used for the Higher Education Innovation Fund (HEIF).
According to Research England, the proposals are intended to make HEIF simpler.
Research England also said the proposals aim to make the fund more responsive to economic growth priorities.
Editor’s view
Richard Davies, Policy and Finance Editor
Institutions funded through HEIF would see the allocation formula change if Research England adopts these proposals, which are now out for consultation rather than decided.
