• Finance & assurance

• Grant announcement
• Finance and funding
• Assurance and institutional risk
• Good practice
• Shared services
• Charity regulation
• A-Z

Finance and assurance

We are responsible for substantial sums of public funding - £7,994 million in 2009-10, announced in HEFCE 2009/08. This money is provided by the Department for Business, Innovation and Skills, and allocated by us according to principles laid out in our funding method. In doing this, we work to ensure value for money and that funds are used for the intended purposes.

This section provides information on:

• The annual grant announcement

• finance and funding of higher education institutions (HEIs) and activities in England

• the HEFCE assurance and institutional risk service

• shared services

• regulating HEIs as charities.

Accountability: creating a new relationship

We are working to reduce the amount of bureaucracy and regulation that result from the public funding of HEIs. More information is available.

Last updated 13 July 2009