This circular provides indicative 2020/21 institutional allocations under the new Research Wales Innovation Fund (RWIF) and provides guidance on the requirement for associated three-year strategies. It also provides details of a one-off Innovation Capacity Development Fund (ICDF) which will be allocated in April 2020.
HEFCW does not require institutions to submit plans for the expenditure of their ICDF allocations. However, three-year RWIF strategies will be required by the end of June 2020. RWIF strategies and activities supported through ICDF must be complementary and should show clear strategic alignment.