Education Investment Fund

The role of the EIF is to build a modern, productive, internationally competitive Australian economy by supporting world leading, strategically focused infrastructure investments.

 

Education Investment Fund (EIF)

 

Find out how we have assisted a University secure two EIF grants

 

Overview

The Education Investment Fund (EIF) is one of three Nation-building funds established by the Nation-building Funds Act 2008.

The role of the EIF is to build a modern, productive, internationally competitive Australian economy by supporting world leading, strategically focused infrastructure investments. The EIF Regional Priorities Round (in draft mode) is being conducted differently from the previous rounds of the EIF to reflect its particular focus and purpose.

The purposes of this round will be met by concentrating investment in the higher education and vocational education and training (VET) sectors. It is expected that future rounds of the EIF will return to the established process of inviting applications for funding for projects that create or develop higher education, VET and/or research infrastructure, including from research institutions beyond higher education institutions.

 

Update – 16 April 2014

The Australian reports that governments will not be able to meet Universities infrastructure funding requirements in future. Universities will need to increase their access to capital markets through bank debt, bond issues and real estate deals. The EIF could help by facilitating and “leveraging” real estate transactions.

Universities were the “most promising source of investment- grade real estate”, meeting most institutional investors’ key requirements. They were reliable tenants with sustained cash flow and “the capacity to absorb long- term rental growth”, he said.

Universities were “predominantly located in major capital cities” and required large-scale capital projects which, if circumstances changed, could often be diverted for alternative uses such as medical facilities.

The EIF could help facilitate deals through long-term interest-free loans. This would help to resolve an imbalance between earning expectations of investors, about 8 per cent a year, and universities’ “capacity to pay”, closer to 5 per cent.

For example, if the EIF provided $40m of a $100m capital project, this would effectively ­reduce universities’ repayments to private sector investors from 8 per cent to 4.8 per cent.

This approach was better for the EIF because its allocations would eventually be recouped, allowing the money to be “recycled” into other projects.

 

Expert Assistance

We have  assisted universities achieve over $60M + in funding in the last two EIF rounds. Call us on 03 9005 6789 or email to see how we can make your major infrastructure project application more competitive. Areas where we can assist include demonstrating:

  • How the project will address national higher education and vocational education and training (VET) infrastructure priorities
  • The project alignment to the organisation’s priorities and strategic directions.
  • The extent to which there will be a positive impact on enhancing capacity
  • How project will result in improvements consistent with the level of investment
  • Project Determination
  • Extent of collaboration
  • Extent of co-investment
  • Project readiness
  • Capacity of the organisation to support, maintain and integrate new infrastructure into ongoing business operations

 

EIF Regional Priorities Round Recipients

Some of the recipients of the regional priorities round include:

  • University of New South Wales ($20 M) – to construct the Joint Health Education Facility (JHEF) – a Multi-Partner Medical and Allied Health Facility at Port Macquarie. The JHEF will be a shared use facility with project partners, the University of Newcastle and TAFE NSW – North Coast Institute
  • UniSA’s  ($18 M) – to construct a new learning centre at Mount Gambier and upgraded facilities at Whyalla. Both campuses will also be linked with high-speed fibre optic over the Australian Research and Education Network.
  • University of Wollongong ($31 M)  – to construct the Early Start – Changing Children’s Future facility, which is designed to improve early childhood education. It will include specialist teaching and research spaces, a children’s discovery centre and a hub for 38 Early Start Engagement Centres.
  • Deakin ($21.5 M) – to construct the Centre for Advanced Design in Engineering Training (CADET) project. The project includes new facilities to host advanced modelling, simulation and prototyping equipment, including virtual reality and digital manufacturing laboratories.
  • University of Tasmania ($37 M) –  to construct a new six-storey building for the Academy of Creative Industries and Performing Arts, adjacent to the historic Theatre Royal, which a will also receive a major extension and upgrade.
  • University of Southern Queensland ($30 M) – partnership with the University of the Sunshine Coast to optimise the use of the new engineering learning hub at the Sunshine Coast’s Sippy Downs region. The new facility will link to visual facilities at USQ enabling collaboration in producing 3D scenarios in mechanical and civil engineering.
  • Southern Cross University ($28 M) – to construct a Science and Engineering Precinct and a new Learning Centre at the Lismore campus. The total cost of the project, including capital works and equipment, will be $38 million. The NSW State Government is also contributing $258,300 to the project.
  • Charles Darwin University ($21 M) – to construct a state-of-the-art VET training facility that would house plumbing, electro-technology, instrumentation, refrigeration, oil and gas industry operations, and in the future environmental trades
  • University of New England ($29 M) – to construct a new three-storey Agricultural Education Building with specialised and flexible teaching laboratories, sound-proofed and temperature controlled work rooms, a multi-discipline zoology teaching museum and a learning resource centre.
  • University of Newcastle ($30M) – to construct a 10,800 sqm technology-enabled precinct that will host a range of University supported activities including business and law programs; digital library services and information commons; collaborative learning and research spaces; facilities for industry, professional and community engagement; and social spaces.
  • Sunshine Coast TAFE ($47M) – to construct a new centre for health training. The centre is expected to double the TAFE’s student capacity, with an extra 950 people undertaking studies there in its first three years.

 

SAF Recipients

University Project SAF funding Media Release
Central Queensland University Dual-Sector University $73.8m CQU SAF Media Release
University of Southern Queensland Expanding and Enriching Student Participation $48.9m USQ SAF Media Release
University of New England UNE Transformation $36.6m UNE SAF Media Release
Southern Cross University Partners for the Future $32.2m SCU SAF Media Release
University of Western Sydney Collaborative Learning Network $29.8m UWS SAF Media Release
University of Canberra Responding to Demand-Driven Funding’ project. $25.9m UC SAF Media Release
University of Ballarat Victorian Regional Dual-Sector University Partnership $24.8m UB SAF Media Relelase
University of the Sunshine Coast Collaborative Futures Project $24m USC SAF Media Release
Victoria University Interprofessional Education in Health: Class, Clinic, and Career’ $22.9m VU SAF Media Release
Charles Sturt University Regional University Centres $22.4m CSU SAF Media Release
Charles Darwin University Flexible delivery for sustainable operation in a demand-driven environment $20m CDU SAF Media Release

EIF Round 3 Recipients

In total, 19 projects were approved for  funding for the Education Investment Fund EIF Round 3 and the Sustainability Round.  Funding was extended to the EIF Round 3 and Sustainability Round to include an additional $200 million for projects that focus on teaching and research, particularly the areas of climate change and sustainability. This brings the total funding allocated for Round 3 and Sustainability Round projects to $550 million.

New South Wales

  • Building for the Future: Interactive Learning Environment at University of Technology Sydney,
  • The Australian Institute for Nanoscience at the University of Sydney,
  • The AutoCell Transport Technology Centre at the Sydney Institute of TAFE NSW, and
  • Retrofitting for Resilient and Sustainable Buildings at the University of Wollongong
  • Newcastle institute for Energy and Resources at the University of Newcastle.

Queensland

  • The National Imaging Facility at the University of Queensland, and
  • The Sir Samuel Griffith Centre at Griffith University.

Victoria

  • The Green Chemical Futures facility at Monash University,
  • The Sunshine Construction Futures training centre at Victoria University,
  • The Integrated Technology Hub: Building Services and Electro Mechanical Technologies at Box Hill Institute of TAFE,
  • The Advanced Manufacturing Centre at Swinburne Uni of Technology,
  • The Australian Future Fibres Research and Innovation Centre (AFFRIC) at Deakin University.
  • $37 million Australian Future Fibres Research and Innovation Centre (AFFRIC) at Deakin University

Western Australia

  • The Indian Ocean Marine Research Centre at the University of Western Australia,
  • Redevelopment of Pundulmurra Campus at Pilbara TAFE,
  • The Sustainable Energy for Square Kilometre Array project at Commonwealth Scientific and Industrial Research Organisation, and
  • The Green Skills Training Centre at Central TAFE.

For more details on these projects please see the media release.

South Australia

  • Civil Train Highway to Skilling Industry at Civil Train SA,
  • [email protected] at the University of South Australia.

National Project

  • AuScope Australian Geophysical Observing System.

 

2017-02-09T17:12:38+00:00April 18th, 2014|