2023 to 2024 grant data tables
London Business School
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 (£)
- 2,084,435
- London weighting on mainstream QR (£)
- 250,132
- Mainstream QR funds including London weighting (£)
- 2,334,567
- QR charity support fund (£)
- 1,504
- QR business research element (£)
- 303
- QR RDP supervision funds (£)
- 158,367
- QR funding for National Research Libraries (£)
- 0
- Total QR funding (£)
- 2,494,741
Higher Education Innovation Funding (HEIF)
- Main allocation (£)
- 4,670,000
- Top-up allocation (£)
- 497,380
- Total HEIF (£)
- 5,167,380
- Total QR and HEIF grant (£)
- 7,662,121
- 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 (£)
- 0
- AFR20 Research income from charities (£)
- 0
- AFR21 Research income from charities (£)
- 20,000
- AFR22 Research income from charities (£)
- 8,000
- Average annual income (£)
- 7,000
- London-weighted research income (£)*
- 7,840
- QR charity support fund (£)**
- 1,504
- 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 (£)
- 0
- AFR20 Research income from businesses (£)
- 6,000
- AFR21 Research income from businesses (£)
- 0
- AFR22 Research income from businesses (£)
- 0
- Average annual income (£)
- 1,500
- QR business research element (£)*
- 303
- 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
| Data source | 2019-20 income (£) | 2020-21 income (£) | 2021-22 income (£) | |
|---|---|---|---|---|
| HE-BCI survey | Income from contract research | 0 | 0 | 0 |
| Income from consultancy | 22,000 | 35,000 | 37,000 | |
| Income from equipment and facilities | 0 | 0 | 0 | |
| Income from regeneration | 0 | 0 | 0 | |
| Income from intellectual property | 42,000 | 52,000 | 62,000 | |
| Income from SMEs in the above categories* | 0 | 0 | 0 | |
| Innovate UK | KTP income** | 0 | 0 | 0 |
| OfS annual financial return | Income from NCB provision | 32,520,000 | 24,838,000 | 43,660,000 |
| Total per year | 32,584,000 | 24,925,000 | 43,759,000 | |
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)
- 358,738,000
HEIF allocation
- Main allocation (£)
- 4,670,000
- Top-up allocation (£)
- 497,380
- Total allocation (£)
- 5,167,380
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