Imperial College London

Research England's commitment to accessibility means that we've produced this year's grant data tables in HTML format. The formula-driven funding allocations have not changed, just the way the data is presented.

Table list

Table A: Summary of allocations
Table B: Mainstream QR funds and London weighting
Table C: QR charity support fund and QR business research element
Table D: QR RDP supervision funds
Table E: HEIF allocations
Table F: HEIF formula parameters

Table A: 2023-24 Summary of allocations

Quality-related research (QR) funds

Mainstream QR funds (£): 52,223,693
London weighting on mainstream QR (£): 6,266,843
Mainstream QR funds including London weighting (£): 58,490,536
QR charity support fund (£): 14,793,229
QR business research element (£): 10,610,146
QR RDP supervision funds (£): 22,720,976
QR funding for National Research Libraries (£): 0
Total QR funding (£): 106,614,887

Higher Education Innovation Funding (HEIF)

Main allocation (£): 4,670,000
Top-up allocation (£): 1,000,000
Total HEIF (£): 5,670,000

Total QR and HEIF grant (£): 112,284,887

Museums, Galleries and Collections Fund (£): 0

Table B: 2023-24 Mainstream QR funds and London weighting

This data is available in the CSV grant data tables download

Table C: 2023-24 QR charity support fund and QR business research element

QR charity support fund

AFR19 Research income from charities (£): 71,783,000
AFR20 Research income from charities (£): 68,519,000
AFR21 Research income from charities (£): 69,054,000
AFR22 Research income from charities (£): 66,038,000
Average annual income (£): 68,848,500
London-weighted research income (£)*: 77,110,320
QR charity support fund (£)**: 14,793,229

London weighting (£): 1.12
Rate: 0.191845

Notes:

* London-weighted research income (£) = average annual income (£) x London weighting
** QR charity support fund (£) = London-weighted research income (£) x rate

QR business research element

AFR19 Research income from businesses (£): 64,756,000
AFR20 Research income from businesses (£): 50,529,000
AFR21 Research income from businesses (£): 47,283,000
AFR22 Research income from businesses (£): 47,739,000
Average annual income (£): 52,576,750
QR business research element (£)*: 10,610,146

Rate: 0.201803

Notes:

* QR business research element (£) = average annual income (£) x rate

Table D: 2023-24 QR RDP supervision funds

This data is available in the CSV grant data tables download

Table E: 2023-24 HEIF allocations

HEIF qualifying income
Data source		2019-20 income (£)	2020-21 income (£)	2021-22 income (£)
HE-BCI survey	Income from contract research	101,533,000	95,767,000	105,139,000
	Income from consultancy	12,887,000	19,930,000	15,468,000
	Income from equipment and facilities	678,000	530,000	773,000
	Income from regeneration	151,000	623,000	1,017,000
	Income from intellectual property	3,017,000	3,127,000	11,515,000
	Income from SMEs in the above categories^*	3,470,000	3,396,000	4,272,000
Innovate UK	KTP income^**	106,000	60,000	64,000
OfS annual financial return	Income from NCB provision	7,801,000	5,864,000	9,075,000
Total per year		129,643,000	129,297,000	147,323,000

Notes:

* Income from SMEs is included in the income stream total and again in the total income from SMEs to provide the overall double-weighting for SME income
** This is the KTP income provided by Innovate UK

Total weighted qualifying income (£), using 2:3:5 ratio = (2019-20 income x 2) + (2020-21 income x 3) + (2021-22 income x 5): 1,383,792,000

HEIF allocation

Main allocation (£): 4,670,000
Top-up allocation (£): 1,000,000
Total allocation (£): 5,670,000

Table F: 2023-24 HEIF formula parameters

Total HEIF budget

Main allocation (£): 240,000,000
Top-up allocation (£): 20,000,000
Total HEIF budget (£): 260,000,000

HEIF formula parameters

Main allocation

Minimum allocation threshold (£): 250,000
Maximum allocation (£): 4,670,000

Yearly moderation factor

Maximum increase: 10%
Maximum decrease: -10%

Top-up allocation

Minimum allocation (£): 200,000
Maximum allocation (£): 1,000,000