Revolving loan schemes based on public funds to fund building improvements and equipment purchases
Chapter 5 Section 5

Recommendation(s): 75

Recommendation 75:

We recommend to the Funding Bodies that they should explore the possibility of setting aside some of their total grant, as soon as possible, to establish revolving loan schemes to fund:

  • projects to refurbish buildings (to improve fitness for purpose) or to undertake large scale long term maintenance projects;

  • expensive equipment purchases (for teaching or research);

  • collaborative projects which will facilitate access for staff and students in a region to teaching or research facilities which could not otherwise be provided on a viable basis.

5.9 The Government welcomes the Committee’s innovative approach, while recognising that the HE funding bodies will need to test the relative cost-effectiveness of the revolving loan scheme proposed by the Committee against other forms of finance and support schemes.

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