Higher Education Funding Council England (HEFCE)
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£50 million boost for universities to stimulate UK’s economy

Some of England’s leading universities will benefit from a £50 million investment in cutting-edge research and innovation projects to drive growth, Minister for Universities and Science David Willetts has announced.

Sixteen schemes Note 1 at institutions across the country have been allocated a share of the money from HEFCE’s Catalyst Fund, to work with businesses and support the UK’s economic recovery Note 2.

Between them the projects are expected to contribute to the creation of more than 500 new companies, 1,200 products and 3,000 jobs, and help contribute to more than £3 billion to the UK’s economy.

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