The higher education sector welcomed the announcement last month from Research England ‘Minister announces new direction for knowledge exchange funding’ that 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.