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The Nations and Regions Investment Funds were announced at the 2021 Spending Review and will be delivered by the British Business Bank. The Funds will deliver a mix of debt and equity finance to businesses in their area. The allocations are:<\/p>
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In the academic years 2015/16 and 2016/17, higher education providers in the East Midlands received £262 million and £257 million respectively in grants from government funding bodies.<\/p>
The table below sets out the amount received by region according to the type of funding body grant in academic years 2015/16 and 2016/17.<\/p>
Funding data for academic year 2017/18 is not yet available.<\/p>
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Income from Funding Body Grants for Higher Education Institutions located in the East Midlands<\/strong><\/p> <\/p> Type of Funding Body Grant<\/strong><\/p><\/td> Income in academic year 2015/16 (£000s)<\/strong><\/p><\/td> Income in academic year 2016/17 (£000s)<\/strong><\/p><\/td><\/tr> Higher Education Funding Council for England - teaching grant<\/p><\/td> 97,277<\/p><\/td> 97,618<\/p><\/td><\/tr> Higher Education Funding Council for England - research grant<\/p><\/td> 98,494<\/p><\/td> 99,598<\/p><\/td><\/tr> Higher Education Funding Council for England - other grants<\/p><\/td> 21,122<\/p><\/td> 18,070<\/p><\/td><\/tr> Skills Funding Agency funding<\/p><\/td> 13,010<\/p><\/td> 10,609<\/p><\/td><\/tr> National College for Teaching and Leadership funding<\/p><\/td> 1,138<\/p><\/td> 2,023<\/p><\/td><\/tr> Capital grants recognised in the year<\/p><\/td> 30,729<\/p><\/td> 29,119<\/p><\/td><\/tr>