The London School of Economics and Political Science

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 (£): 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

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 (£): 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

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	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 = (2019-20 income x 2) + (2020-21 income x 3) + (2021-22 income x 5): 450,092,000

HEIF allocation

Main allocation (£): 4,670,000
Top-up allocation (£): 624,040
Total allocation (£): 5,294,040

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