Higher education restructuring regime (HERR)
A scheme for higher education providers in England facing financial difficulties as a result of coronavirus (COVID-19).
Applies to England
Documents
Details
In July 2020, the government launched the higher education restructuring regime (HERR), which can provide support for higher education providers in England registered with the Office for Students in the approved (fee cap) category facing financial difficulties as a result of coronavirus (COVID-19). The regime was established as a temporary scheme to respond to the unprecedented financial pressures caused by COVID-19.
In common with other government responses to the impact of COVID-19, we have kept the HERR under review. We are now giving notice that the regime will close to new applications on 31 December 2021, with applications to be processed to a conclusion by the end of the financial year 2021 to 2022. This timetable enables providers to assess their financial position at the start of academic year 2021 to 2022 and make an application to the regime if necessary. Detailed guidance for applicants was published on 16 December 2020.
This document outlines the higher education restructuring regime for higher education providers in England who are at risk of insolvency as a result of coronavirus (COVID-19).
The scheme will review providers’ circumstances and assess the case for restructuring support, including last resort financial support, through repayable loans. Any support will come with strict conditions and must be aligned with the government’s wider priorities.
A HERR advisory board was appointed on 12 October 2020.
Last updated 6 October 2021 + show all updates
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Updated to give notice that the regime will close to new applications on 31 December 2021, with applications to be processed to a conclusion by the end of the financial year 2021 to 2022.
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Added a link to information about the HERR advisory board.
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First published.