University of Reading

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 (£): 13,466,111
London weighting on mainstream QR (£): 0
Mainstream QR funds including London weighting (£): 13,466,111
QR charity support fund (£): 397,359
QR business research element (£): 1,283,618
QR RDP supervision funds (£): 3,045,227
QR funding for National Research Libraries (£): 0
Total QR funding (£): 18,192,315

Higher Education Innovation Funding (HEIF)

Main allocation (£): 3,055,362
Top-up allocation (£): 0
Total HEIF (£): 3,055,362

Total QR and HEIF grant (£): 21,247,677

Museums, Galleries and Collections Fund (£): 328,028

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 (£): 2,765,000
AFR20 Research income from charities (£): 2,554,000
AFR21 Research income from charities (£): 2,702,000
AFR22 Research income from charities (£): 264,000
Average annual income (£): 2,071,250
London-weighted research income (£)*: 2,071,250
QR charity support fund (£)**: 397,359

London weighting (£): 1
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 (£): 6,382,000
AFR20 Research income from businesses (£): 6,889,000
AFR21 Research income from businesses (£): 6,484,000
AFR22 Research income from businesses (£): 5,688,000
Average annual income (£): 6,360,750
QR business research element (£)*: 1,283,618

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	8,206,000	7,989,000	6,588,000
	Income from consultancy	139,000	192,000	179,000
	Income from equipment and facilities	6,578,000	5,354,000	5,739,000
	Income from regeneration	0	0	0
	Income from intellectual property	35,000	57,000	38,000
	Income from SMEs in the above categories^*	4,732,000	3,949,000	4,307,000
Innovate UK	KTP income^**	268,000	276,000	316,000
OfS annual financial return	Income from NCB provision	1,837,000	1,754,000	2,326,000
Total per year		21,795,000	19,571,000	19,493,000

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): 199,768,000

HEIF allocation

Main allocation (£): 3,055,362
Top-up allocation (£): 0
Total allocation (£): 3,055,362

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