HEFCE logo1. This letter clarifies our requirement for the submission of financial forecasts and commentary as part of our annual accountability returns requirements. A response is required from all higher education institutions by Thursday 31 July 2014. We will send detailed guidance on how to make the submission of annual accountability information directly to heads of finance by the end of May and how to access the financial forecast tables.
2. Institutions are asked to submit full financial forecasts for the three academic years from 2014-15 to 2016-17, and to update the 2013-14 forecasts submitted in December. These should take into consideration our recent grant announcements and any other information that the institution considers pertinent. More...