University innovation fund will not be increased, says government

The government will not increase the value of the higher education innovation fund, it announced today.

March 14, 2014

Sir Andrew Witty called for the boost in innovation funding in his review of universities and growth issued last year.

He argued that increasing the fund to £250 million a year would incentivise universities to work with small and medium-sized businesses. It is currently worth £160 million.

But in its response to the Witty review, published on 14 March, the government said it was unable to commit to raising the level of Heif in the “current tight fiscal environment”.

This was despite British Invention: Global Impact – The Government’s Response to Sir Andrew Witty’s Review of Universities and Growth acknowledging that a recent independent review had found that each £1 of Heif funding generates £6.30 in return.

Wendy Piatt, director general of the Russell Group of research-intensive universities, urged the government to reconsider not increasing the “highly-effective stimulus”.

In his report, Sir Witty also recommended that the impact weighting of the research excellence framework should be increased to 25 per cent in the next round.

The government said that all four funding bodies are “considering carefully” this recommendation.

Research by research institute RAND Europe is already under way to look at the costs and benefits of the REF’s impact element for universities.

The report said: “[T]his evidence together with feedback from the assessment of impact in the current REF, will inform future implementation.”

But Dr Piatt cautioned against such a move. She said: “Often it is long-term, curiosity-driven research which produces the biggest pay-offs in the end. For example, the World Wide Web was an unintended consequence of particle physics research.”

holly.else@tsleducation.com

You've reached your article limit

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 6 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments
Register

Reader's comments (2)

The UK probably needs to invest a goodly proportion of its scarce taxpayer derived research funds to supporting joint R&D ventures with those companies and research institutes willing to invest in innovation and curiosity ideas related to our proven technological and academic strengths. TSB/Catapult centres complimented with available university research skills will apparently accordingly be reviewed by Hauser, presumably subsequently positively impacting on future funding allocations.
I appreciate the need to tighten the belts, but surely reducing the ability to commercialise excellent research is shooting us in the foot. We need to be smarter about how HEIF money is used, perhaps being more focussed on areas of need. We also need to be better at joining up resources like Catapults and KTNs, which tend to work in silos.

Have your say

Log in or register to post comments

Featured Jobs

Researcher in Fluid Dynamics

Norwegian University Of Science & Technology -ntnu

Analyst

Greenwich School Of Management Ltd

PhD Research Fellow in Medical Physics

Norwegian University Of Science & Technology -ntnu

Postdoctoral position in Atmospheric and Space Physics

Norwegian University Of Science & Technology -ntnu

PhD Fellow in Machine Learning

Norwegian University Of Science & Technology -ntnu
See all jobs

Most Commented

Doctoral study can seem like a 24-7 endeavour, but don't ignore these other opportunities, advise Robert MacIntosh and Kevin O'Gorman

Matthew Brazier illustration (9 February 2017)

How do you defeat Nazis and liars? Focus on the people in earshot, says eminent Holocaust scholar Deborah Lipstadt

Improvement, performance, rankings, success

Phil Baty sets out why the World University Rankings are here to stay – and why that's a good thing

Warwick vice-chancellor Stuart Croft on why his university reluctantly joined the ‘flawed’ teaching excellence framework

people dressed in game of thrones costume

Old Germanic languages are back in vogue, but what value are they to a modern-day graduate? Alice Durrans writes