Higher Education Funding Council
Quality education is priceless and is one of the key aspects that help ensure a country’s growth. If a country has a lot of schools that offer quality education it will retain students instead of them going - and staying- abroad for study and it will attract foreign students. But how can schools ensure quality education? Where do they get funding, how can they benchmark their systems and research against other schools and who regulates all these schools? This is where the HEFCE comes in. This is the organization that has higher education as its main focus.
What is the HEFCE?
HEFCE is short for Higher Education Funding Council for England a non departmental public body of the English government and was established in 1992. Its goal is to create and maintain that which is needed to provide world-class higher education system which can transform lives, strengthen the economy while enriching society at the same time.
The HEFCE has the following main roles:
Since most higher education institutions are charities they need funding to survive. The council distributes public funds to colleges and universities all through England. This way they incentivize excellence in the exchange of knowledge, research and teaching & learning. As of March 2015 the council provides funding to over 300 higher education institutions and further education colleges.
Data & Analysis
It collects, produces and compares data to offer an exclusive and trustworthy voice on higher education.
The council is England’s lead regulator for higher education. It always protects the interest of students while respecting the autonomy of providers.
The HEFCE informs, develops and implements government policy which benefits the education sector, students and society as a whole.
How does the organization work?
The HEFCE has a five year strategic business plan that gives an insight into how the organization operates. For example, in its business plan for 2015-2020 it states that it will achieve its goals and objectives by doing the following:
• Fund excellence and innovation in knowledge exchange
• Offere incentives to promote excellence in learning and teaching
• Create partnerships with key players to influence and increase the investment in English higher education and subsequently maximizing its success.
• Evaluate, promote and fund practices in the sector which address the issues of social mobility and progression
• Work to completely understand the risks and opportunities higher education providers are faced with these days
Sections of the Business Plan
Of course this is just a small part of what the business plan is about. The entire plan, which is also available for download on the organization’s website, is divided into three sections:
• Section 1 gives an overview the business plan and the priorities and commitments set out for the coming five years.
• Section 2 focuses on the high-level objectives that the department much achieve, together with KPI’s that will indicate whether the organization is succeeding.
• Section 3 is a brief description of the organization
Working in partnerships is essential to an organization like HEFCE.
|HEFCE maintains a close relationship with the schools it’s provided funding to. Besides these schools it also partners with a wide range of representative bodies of Higher Education all over England.|
|The government, and mainly the department of Business, Innovation and Skills, is one of the key partners to the organization as they work closely together on policies and regulating the Higher Education System.|
|Alongside the government and universities HEFCE also partners with funding institutions and charities and charities in the country as well as outside of England.|
Want to know more about HEFCE?
HEFCE has an elaborate website (www.hefce.ac.uk) offering information to anyone interested in learning more about the organization. On its website it offers relevant reports and publications for download. It has news and events section that highlights developments in the UK’s higher education system. It is most certainly possible to call the council for more detailed inquiries. HEFCE aims to deal with all telephone calls politely and efficiently, so do not hesitate to call. The main line for HEFCE is 0844 850 0038. Reception hours are Monday to Thursday 08:00 AM to 17:30 PM and Fridays 08:00 AM to 16:00 PM.
They may be contacted on 0844 850 0038. As you may have noticed, this is a 0844 number which means that if you call this number, charges may apply. In addition the extra call charges are more than the normal local rates, of up to 7p per minute. Please feel free to call and contact them anytime for any information that you need to have. They will be happy to provide you with any additional information that you may need.