HE-BCI record 2021/22 - General guidance on Table 3: Regeneration and development programmes
Version 1.0 Produced 2022-01-26
- Regeneration is a set of activities that reverse economic, social and physical decline in areas where market forces will not do this without support from government. (DCLG, 2008, p6).
- 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.
- Regeneration income should be returned as income from the allocating body.
- 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.
- Regeneration-related activities may be returnable to more than one appropriate table, for example CPD, consultancy, or facilities and equipment etc. HEPs should select the table they consider most relevant. However any income or activity should not be reported more than once.
- The majority of regeneration funding has previously come from European sources, in particular from the European Regional Development Fund (ERDF) and the European Social Fund (ESF). The HESA review of the HE-BCI survey will consider whether the HE-BCI record on regeneration funding will be revised in light of the UKs European Union status. In the meantime it should be noted that this record does not just capture funding from European sources.
- Any funding received for the purpose of regeneration (as defined in paragraph 1) that enhances or increases knowledge exchange between the HEP and business and community partners may be included here.
- Higher Education Innovation Funding (HEIF) income from Research England should not be included in this Table. This also applies to NI HEIF income from DFE(NI).
- Funding from local leadership organisations including LEPs, and similar economic development agencies across the UK should be returned under the 'Other regeneration grants and income from local and regional bodies'. (This funding is not applicable for Wales)
- Capital funding can only be returned under Head 1g and only external capital income relating to regeneration and development is to be included.
It is expected that any capital funding returned will come from one of the same external sources covered in headings 1a-1e but it is not a subset of those headings and capital funding may only be reported under Head 1g. Only capital income attributable to the record year can be returned, as reported in the audited financial statements. The treatment of these capital grants will depend on whether the HEP has applied the accrual or performance model, under FRS 102 and the FE/HE SORP (2015). The balance returned here should include both capital grants recognised in the year under the performance model, and income from capital grants recognised in the year, under the accruals model.
Funding body: Combined UK Government and Regional local authority
Regeneration area: Urban economic development
Income: £600K to deliver economic regeneration project in the steel industry with 3 local non-SME companies. Joint funding from central UK Government (40%) and collaboration of 4 regional local authorities (60%)
Return: As £240K in Table 3 Sub-head 1c UK Government regeneration funds and £360K in Table 3 sub-head 1d Other regeneration grants and income from local and regional bodies.
Funding body: ERDF
Regeneration area: Town planning
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.
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.
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