A provider can bid for capital funding for financial year 2021-22 as part of a longer-term project, such as a multi-year project. However, any funding awarded by the OfS in the current bidding exercise must be spent during the 2021-22 financial year.
Providers should give some explanation and context of the overall financing of the capital project across all years of the project in their narrative answers.
We are unable to commit to or confirm capital funding beyond 2021-22 as this is dependent on the government’s spending review and confirmation of their priorities beyond this financial year.
Any future capital funding competition will necessarily reflect OfS and government priorities at that time.
Where a bid is successful in being awarded capital funding for financial year 2021-22 for a long-term (multi-year) project, the same project may be submitted in any future competition for capital funding from the OfS for subsequent years, subject to meeting the criteria that will apply for such a competition. Success or otherwise in the competition for 2021-22 capital funding will not in itself influence the success of a bid for the same project for a future year. Each annual competition will be treated wholly independently and will reflect the priorities at that time.