Wednesday, 26 September 2012
University Recognised Alongside Russell Group Through Funding Award
The extra funding will be allocated by HEFCE among the twelve top performing universities in knowledge exchange and will be available during the 2013/14 academic year. This announcement was made by David Willetts, Minister for Universities and Science, at the recent Universities UK (UUK) conference.
The HEIF funding aims to drive growth and create innovative enterprises, and has been found from efficiency savings in the science and research budget. In return for the release of the £6 million funding, all twelve universities must outline how they will use this funding to drive growth.