Capital funding for financial years 2022-23 to 2024-25: Formula allocations and invitation to bid

This document sets out the arrangements for the distribution by the Office for Students (OfS) of capital grant for the three financial years (April to March) 2022-23, 2023-24 and 2024-25.

We will distribute capital funding for eligible providers through two mechanisms:

  • £11 million through a formula allocation for 2022-23
  • £400 million through a single bidding exercise to be run in 2022, with capital monies to be distributed over the three-year funding period running from financial years 2022-23 to 2024-25. The competition is open to all providers that are registered (or have applied to register) with us in the Approved (fee cap) category.

We expect to announce the outcomes of the bidding competition in September 2022.

The deadline for submitting capital bids is 11 July 2022.

OfS 2022.19
16 May 2022
Published 16 May 2022
Last updated 30 May 2022
30 May 2022
The submission deadline has been extended.

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