Higher Education Endowment Fund (HEEF)~Education Investment Fund (EIF)

Objectives

The Australian Government’s objectives for the HEEF are to:

• advance the development of a world-class Australian higher education sector, by providing ongoing support for strategically-focused investments in capital expenditure and research facilities; and
  
• encourage a culture of philanthropic investment in Australian higher education institutions.

Desired outcomes will include:

 a world-class Australian higher education sector;

 enhanced teaching, learning, research and research training in areas of national, international and regional significance;

 increased quality and accessibility of the facilities available for researchers and teachers across the higher education sector;

 advancement of strengths and niche centres of excellence within institutions;

 enhanced critical mass;

 greater international engagement and stronger participation in international linkages and collaborations; and

 economic, social and environmental benefits to Australia.

Current Funding

The government has allocated the $11b Education Investment Fund (EIF) to fund universities as well as research institutes and TAFE.

$304 million in funding will be available for allocation in the 2009 funding round for eligible higher education institutions (institutions).

HEEF grants for the 2009 funding round will be in excess of $10 million and no more than $100 million. The Advisory Board may recommend grants outside these limits but where this occurs a justification for the Advisory Board’s recommendations will be provided at the time the grant is announced

Links:

http://www,heef.deewr.gov.au/