The EIF was established by the Nation-building Funds Act 2008 announced in the 2008-09 Budget. It replaced the Higher Education Endowment Fund (HEEF), which was established in 2007.
The EIF aimed to build a modern, productive, internationally competitive Australian economy by supporting world-leading, strategically-focused infrastructure investments that would transform Australian tertiary education and research.
The competitive rounds of EIF offered eligible higher education providers, vocational education and training (VET) providers and research institutions the opportunity to compete for funds for their priority infrastructure projects.
The EIF was one of three Nation-building funds, along with the Building Australia Fund and the Health and Hospitals Fund.
EIF Funding Rounds
Round 1 – Higher Education Endowment Fund (HEEF)
Round 2 – Research, vocational education and training (VET) and higher education sectors
Round 3 – Sustainability Round
Round 4 – Regional Priorities Round
Regional Priorities Round
In the 2011-12 Budget, the Government announced funding of up to $500 million over five years for a Regional Priorities Round of the EIF. This was aimed at supporting regional higher education institutions and vocational education and training (VET) providers to improve their infrastructure, and help improve the quality of training and education regional students receive.