Funds for research are allocated though the Research Capital Investment Fund element of the CIF. The former HEFCE allocated £1,024 million through this element for the financial years 2011-12 to 2016-17.
The Research Capital Investment Fund aims to:
- Contribute to the long-term financial sustainability of an HEI’s research and the supporting physical infrastructure
- Contribute to replacement of premises or infrastructure, improved space utilisation, and increased sharing and utilisation of research equipment
- Promote collaborative partnerships between HEIs, industry, charities, Government and NHS Trusts
- Promote world-leading research capability in all disciplines with the capacity to respond to developing national priorities.
In addition in 'Arrangements for the second Capital Investment Framework' (HEFCE Circular letter 17/2010) HEFCE identified two new areas that needed to be addressed: reduction of carbon emissions and improving space usage.
Within our research funding we allocate funds through two further elements:
HEI Research Capital England
We distribute this element in proportion to the sum of Research England quality-related (QR) research funding and research income from other (non-Research Council) sources.
Higher Education Research Capital (HERC) England
We distribute this element in proportion to research income from Research Councils, reflecting finance data for the most recent three years.