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HE-BCI record 2015/16 - General guidance on Table 3: Regeneration and development programmes

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HE-BCI record 2015/16 - General guidance on Table 3: Regeneration and development programmes

Version 1.1 Produced 2016-11-29

  1. Table 3 provides analysis of regeneration income and activity. Regeneration funding is an important way for HEPs to invest intellectual assets in economic, physical and socially beneficial projects. HE-BCI counts regeneration as a proxy for direct economic and social impact.
  2. Regeneration income should be returned as income from the allocating public body.
  3. It is understood that a number of grants for regeneration activity are closely linked with expected outputs, such as providing consultancy for agricultural enterprise. Given that these interactions (i.e. business support for SMEs) often have quantifiable outputs, they may be returned where relevant providing general HE-BCI record guidance is taken into account.
  4. Regeneration-related activities may be returned in the appropriate table, for example CPD, consultancy, or facilities and equipment etc. However, any income or activity should not be reported more than once.
  5. The majority of regeneration funding comes from European sources (in particular from the European Regional Development Fund (ERDF) and the European Social Fund (ESF). However, any funding that enhances or increases knowledge transfer between the HEP and business and community partners may be included. Knowledge Transfer Accounts funding from certain bodies such as the EPSRC may be returned here. See for further details.
  6. HEIF income should not be included in this Table.
  7. Skills Pathfinder income can be returned in this Table.
  8. Local Enterprise Partnership (LEP) funding should be returned under the 'Other regeneration grants and income from local and regional bodies'.
  9. Only the collaborative element of catalyst funding can be returned, the HEFCE element should not be included.
  10. Capital funding can be returned under Head 1G. Only external capital income relating to regeneration and development is to be included. It is expected that any capital income returned will come from one of the external sources covered in headings 1a-1e. Only capital income attributable to the record year can be returned, as reported in the audited financial statements. Where capital grants have been applied to the purchase of assets that have been capitalised, the income to be returned is the amount released from the relevant deferred capital grant account.
  11. Example 1:
    Funding body: ERDF
    Regeneration area: Urban renewal
    Income: £500K to provide consultancy to 50 SME companies
    Return: £500K in Table 3 Sub-head 1a ERDF income and number of companies should be returned in Table 2 sub-head 1a Consultancy for SMEs.

    Example 2:
    Funding body: ERDF
    Regeneration area: Town planning
    Income: £200K
    Return: As £200K in Table 3 Sub-head 1a ERDF income. It is possible that an interaction such as this could be returned as consultancy. Double counting should be avoided in all cases.

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