HE in FE: Frequently Asked Questions

Funding and Full Economic Costing (fEC)

Q: What is the minimum figure we would fund per project?

A: £50,000.

Q: Is £80k the max limit of funding?

A: Yes.

Q: fEC - are we expecting matched funding?

A: No but as the project will benefit the institution we would expect some institutional contribution.

Q: What does fEC mean in terms of our own contribution?

A: FE colleges and non-HEI partners should cost their activities using current practice in their college or organisation and clearly identify partner contributions.

Q: How is the funding given to colleges - up front?

A: Project money is provided on a monthly basis once the funding letter has been signed and sent back to HEFCE.

Q: Budget - does this need to be split three ways equally if there are three partners?

A: No, the budget should relate to the work packages and contribution of partners. You do need to clearly state how you plan to split it and what the responsibilities are of each partner.