Tender process opens and capital grant details set for next three fiscal years – FE News
OfS has now opened the tender process and set out the details of the capital grant for the next three years. This information can be found here.
This document sets the terms and conditions for the distribution by the Office des Etudiants (OfS) of the investment grant for the three financial years (April to March) 2022-23, 2023-24 and 2024-25.
We will distribute capital funding to eligible suppliers through two mechanisms:
- £11m via an allocation formula for 2022-23
- £400m under a single tender to take place in 2022, with capital funds to be spread over the three-year funding period from financial years 2022-23 to 2024-25. The contest is open to all vendors who are registered (or who have applied to register) with us in the Approved (fee cap) category.
Education Secretary Nadhim Zahawi said:
“The £450m capital funding we have announced isn’t just a check in the mail – it’s a passport to fantastic initiatives that improve facilities, modernize buildings and provide essential equipment that make a real difference for students and enhance our world-class higher education. sector.
“Last year’s £128m funding has helped our great universities make real investments across the country, like the University of Bradford’s Space Center for Artificial Intelligence and renovations to the Faculty of Pharmacy from the University of Wolverhampton.
“I encourage each provider to make a bold and ambitious offer that will allow them to deliver life-changing education in critical subjects and give a boost to their local communities.”
More information on examples of successful deals from last year:
- Blackpool and Fylde College – £2,000,000: This project will improve facilities, infrastructure and higher education programs at four sites. This will help facilitate agile learning and expand the ability of existing infrastructure to adapt to wider geography for a range of flexible higher education programs.
- Brunel University London – £2,000,000:The funding will be used to purchase equipment to modernize and improve learning and teaching in the fields of engineering, design, computing, nursing and allied health. In particular, it will support digital manufacturing, aerospace engineering and robotics/computer programming. n addition, the nursing and paramedical professions will benefit from the refurbishment of existing infrastructure to create an eight bay nursing ward and simulation room and the purchase of a range of laminated specimens and anatomical models.
- University of Bradford – £2,000,000: The funding will be used to support three different projects: Bradford Health – major expansion and development of facilities and equipment to support existing and growing supply in health and allied health; Artificial Intelligence Space Center – to co-fund the first phase of the establishment of a fully equipped center to support the growth of the space industry in the region. A key feature of this proposal is to provide matching funding to a large private donation; Architectural Studio – creating new teaching and learning spaces for architectural technology and architectural engineering programs.
- University of Wolverhampton – £2,000,000: This project will support the renovation of an existing space to create a modern facility for the School of Pharmacy. The facility will include specialized equipment, flexible learning spaces allowing for interprofessional education, as well as audio-visual technology and tablets to support student-led learning.
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