Higher Education Funding Council England (HEFCE)
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£400 million for next round of research capital investment
HEFCE welcomes the Government’s announcement in the Budget of an additional £400 million for the UK Research Partnership Investment Fund (UKRPIF).
The fund supports world-leading research in UK universities through investment in research facilities. It encourages strategic partnerships between universities and other organisations active in research, stimulates additional investment, and strengthens the contribution of research to economic growth.
To date, HEFCE has allocated over £400 million to 27 projects running between 2014-16, attracting over £1 billion of investment from business and charities. A further £100 million of funding will shortly be allocated to projects for 2016-17. The additional funding announced yesterday will be used to support larger-scale projects (up to a maximum of £50 million of public funding per project), attracting at least double that investment from private partners.
We continue to encourage bids that tackle fundamental questions in research and address the challenges that society faces.
Madeleine Atkins, Chief Executive, HEFCE, said:
‘The additional funding for UKRPIF is excellent news. UK universities tackle major national and global challenges, and make a major contribution to economic growth. The funding offers a further opportunity to enhance the nation’s research infrastructure and further develop partnership work.’
‘We also look forward to working with Government to develop the new proposals for postgraduate research funding.’
Further details of funding competitions will be announced later in the year. See more about the UKRPIF.
