THES reports on a £50 million emergency fund launched by HEFCE to help fight the economic downturn. The fund is designed to create new opportunities for academics who are keen to work with local businesses to to help them survive the credit crunch through practical projects.
Hugh Tollyfield, HEFCE's special advisor on employer engagement, cited the example of 'how institutions situated near the factories of steel manufacturer Corus, which recently announced massive job cutes because of the slump, might attract ECIF cash. "They might offer short courses to people who have been made redundant so they have better prospects in the job market, or they might look at opportunities for improving processes (such as steel production)"'.
Read the THES article in full.
Visit the HEFCE website to find out more.