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2023 to 2024 grant data tables

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The London School of Economics and Political Science

Table list

Table A: 2023 to 2024 Summary of allocations

Quality-related research (QR) funds

Mainstream QR funds (£)
12,534,144
London weighting on mainstream QR (£)
1,504,098
Mainstream QR funds including London weighting (£)
14,038,242
QR charity support fund (£)
444,988
QR business research element (£)
288,730
QR RDP supervision funds (£)
1,447,696
QR funding for National Research Libraries (£)
609,693
Total QR funding (£)
16,829,349

Higher Education Innovation Funding (HEIF)

Main allocation (£)
4,670,000
Top-up allocation (£)
624,040
Total HEIF (£)
5,294,040
Total QR and HEIF grant (£)
22,123,389
Museums, Galleries and Collections Fund (£)
49,204
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Table B: 2023 to 2024 Mainstream QR funds and London weighting

This data is available in the CSV grant data tables download

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Table C: 2023 to 2024 QR charity support fund and QR business research element

QR charity support fund

AFR19 Research income from charities (£)
1,790,000
AFR20 Research income from charities (£)
2,424,000
AFR21 Research income from charities (£)
1,828,000
AFR22 Research income from charities (£)
2,242,000
Average annual income (£)
2,071,000
London-weighted research income (£)*
2,319,520
QR charity support fund (£)**
444,988
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 (£)
1,122,000
AFR20 Research income from businesses (£)
1,151,000
AFR21 Research income from businesses (£)
1,548,000
AFR22 Research income from businesses (£)
1,902,000
Average annual income (£)
1,430,750
QR business research element (£)*
288,730
Rate
0.201803

Notes:

  • * QR business research element (£) = average annual income (£) x rate
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Table D: 2023 to 2024 QR RDP supervision funds

This data is available in the CSV grant data tables download

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Table E: 2023 to 2024 HEIF allocations

HEIF qualifying income
Data source 2019 to 2020 income (£) 2020 to 2021 income (£) 2021 to 2022 income (£)
HE-BCI survey Income from contract research 6,504,000 4,693,000 2,926,000
Income from consultancy 14,688,000 14,074,000 14,205,000
Income from equipment and facilities 0 0 0
Income from regeneration 0 0 0
Income from intellectual property 0 0 100,000
Income from SMEs in the above categories* 151,000 309,000 467,000
Innovate UK KTP income** 0 0 0
OfS annual financial return Income from NCB provision 24,553,000 19,924,000 30,562,000
Total per year 45,896,000 39,000,000 48,260,000

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 to 2020 income x 2) + (2020 to 2021 income x 3) + (2021 to 2022 income x 5)
450,092,000

HEIF allocation

Main allocation (£)
4,670,000
Top-up allocation (£)
624,040
Total allocation (£)
5,294,040
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Table F: 2023 to 2024 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

New Entrant Cap*

Maximum allocation (£)
character(0)

Yearly moderation factor

Maximum increase
10%
Maximum decrease
-10%

Top-up allocation

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

Notes:

  • * A new entrant is defined as a provider, newly eligible or otherwise, that did not receive HEIF in the previous year, whether or not they received HEIF prior to that time
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