For the financial year 2018-19 (1 April 2018 to 31 March 2019), we allocated £150 million in capital funding.
Teaching capital grants help providers develop and improve their higher education infrastructure.
Providers might use their grants to invest in high-quality buildings, equipment or information technology.
Providers receive a share of the £104 million budget based on their share of teaching resource (which comprises our recurrent teaching grant and an assumption of their income from tuition fees). But providers only receive a capital grant if their share will be at least £10,000.
Capital grants are made for (and have to be spent within) a specific financial year. So for 2018-19 providers will have to have completely spent their allocation by the end of March 2019.
Our 2018-19 capital allocations were announced in May 2018.
A list of these allocations can be found in ‘Recurrent and formula capital funding for 2018-19’. We published a revised version of Annex A to this document in October 2018 to show updated allocations for some providers (including to capital grants). Changes arose from amendments to their student data and for other reasons.
Other capital grants
We also provided:
- £10 million to Jisc to support network upgrades, cybersecurity and learning analytics
- £36 million to meet the costs of commitments made by HEFCE that extend beyond March 2018.