Getting regional value from knowledge exchange

Professor Roger Lewis, YU Associate

The higher education sector welcomed the announcement last month from Research England Minister announces new direction for knowledge exchange fundingthat the Higher Education Innovation Fund (HEIF) will rise to £250 million by 2020-21 (an uplift of over 50% since 2016). Funding for the Yorkshire region moved from £20.1 million in 2018-19 to £20.4 million in 2019-20 and we can thus expect a further increase for 2020-21.

HEIF’s purpose is to develop university-business interaction. What is covered by ‘HEIF’ has always been a source of debate. The ‘I’ in the acronym stands for ‘Innovation’, used here in its business sense, with a strong implied link to technology and the application of ‘research’ to improve productivity. The new emphasis though is on ‘knowledge exchange’ (KE) – like ‘innovation’ another portmanteau term.

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