The abbreviation HEFA stands for

HEFA stands for the Higher Education Financing Agency, which provides funds for building academic and research infrastructure.

Reading it as a Higher Education Finance Academy misnames the body, which is a financing agency and not a training academy.

Higher Education Framework Association has no basis and does not match the actual purpose of the agency.

Higher Education Funding Agency is close but incorrect, since the agency is titled a financing rather than a funding agency.

The agency raises money from the market and lends to institutions for capital projects.

It is set up as a joint venture to mobilise finance for world-class infrastructure in institutions.