Higher education research capital (HERC) fund
The research element of this is known as the higher education research capital (HERC) fund. It utilises monies from the Department for Business, Energy and Industrial Strategy (BEIS), and the Department has committed to at least match fund the BEIS contribution.
HERC aims to:
- contribute to the long-term financial sustainability of a Higher Education Institution's (HEI’s) research activities and the supporting physical infrastructure
- contribute to addressing the remaining past underinvestment in a HEI’s infrastructure for research
- promote world-leading research capability in all disciplines with the capacity to respond to developing national/regional priorities