Research England are committed to enhancing the contribution higher education (HE) makes to the economy and society. Institutions already engage with the wider world in many different ways. But we provide specific funds and support that encourages them to do this more effectively. In return, it seeks to bring the inspiration of that wider world back into universities and colleges.
Funding support for knowledge exchange
Knowledge exchange (KE) funding aims to achieve maximum impact on the economy and society by supporting and rewarding providers with significant knowledge exchange performance and partnerships. Support for KE is delivered via the Higher Education Innovation Fund (HEIF), Connecting Capability Fund (CCF) and Research England Development (RED) fund.
Knowledge Exchange Framework
The Knowledge Exchange Framework (KEF) is a mechanism by which we strive to increase the efficiency and effectiveness of the use of public funding for knowledge exchange and further a culture of continuous improvement in universities.
Knowledge Exchange Concordat
We are supporting HE providers' senior management and Universities UK to develop and deliver a KE Concordat setting out institutional good practice and principles in KE.
The Concordat is being developed under the chairmanship of Professor Trevor McMillan, the Vice-Chancellor of Keele University, currently supported by Universities UK / GuildHE and Research England. The final version of the Concordat with implementation plans will be published on a new standalone web-portal in March 2020.
The Concordat complements the KEF by providing the means to improve continuously institutional KE performance measured in KEF outcomes; and complements HEIF by providing the means to improve efficiency and effectiveness in the use of public funding for KE. We expect universities to commit to it, and we will set this out in our spring 2020 guidance. We will also take account of plans to implement the Concordat UK-wide and the potential to work alongside other funding councils.