65 Administration of funds by [the HEFCW]

Funds

65  Administration of funds by [the HEFCW]

(1)ÌýÌýÌýÌý [The HEFCW] shall be responsible, subject to the provisions of this Part of this Act, for administering funds made available to [the HEFCW] by the Secretary of State and others for the purposes of providing financial support for activities eligible for funding under this section.

(2)ÌýÌýÌýÌý The activities eligible for funding under this section are—

(a)ÌýÌýÌýÌý the provision of education and the undertaking of research by higher education institutions in [the HEFCW's] area,

(b)ÌýÌýÌýÌý the provision of any facilities, and the carrying on of any other activities, by higher education institutions in their area which the governing bodies of those institutions consider it necessary or desirable to provide or carry on for the purpose of

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