2024 to 2025 grant data tables

The London School of Economics and Political Science

Table list

Table A: 2024 to 2025 Summary of allocations

Quality-related research (QR) funds

Mainstream QR funds (£)
12,531,598
London weighting on mainstream QR (£)
1,503,791
Mainstream QR funds including London weighting (£)
14,035,389
QR charity support fund (£)
485,581
QR business research element (£)
288,832
QR RDP supervision funds (£)
1,470,039
QR funding for National Research Libraries (£)
609,693
Total QR funding (£)
16,889,534

Higher Education Innovation Funding (HEIF)

Main allocation (£)
4,670,000
Top-up allocation (£)
726,097
Total HEIF (£)
5,396,097
Total QR and HEIF grant (£)
22,285,631
Museums, Galleries and Collections Fund (£)
45,000

Table B: 2024 to 2025 Mainstream QR funds and London weighting

This data is available in the CSV grant data tables download

Table C: 2024 to 2025 QR charity support fund and QR business research element

QR charity support fund

AFR20 Research income from charities (£)
2,424,000
AFR21 Research income from charities (£)
1,828,000
AFR22 Research income from charities (£)
2,242,000
AFR23 Research income from charities (£)
2,770,000
Average annual income (£)
2,316,000
London-weighted research income (£)*
2,593,920
QR charity support fund (£)**
485,581
London weighting (£)
1.12
Rate
0.1872

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

AFR20 Research income from businesses (£)
1,151,000
AFR21 Research income from businesses (£)
1,548,000
AFR22 Research income from businesses (£)
1,902,000
AFR23 Research income from businesses (£)
1,327,000
Average annual income (£)
1,482,000
QR business research element (£)*
288,832
Rate
0.194894

Notes:

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

Table D: 2024 to 2025 QR RDP supervision funds

QR RDP supervision fund allocations for 2024 to 2025 will be based on the 2023 to 2024 allocations, with any changes in budget for the fund reflected proportionally to the 2023 to 2024 allocations. Further information is available in circular letter: Data and payments for 2024 to 2025 formula-based funding (RE-CL-2024-04).

Table E: 2024 to 2025 HEIF allocations

HEIF qualifying income
Data source 2020 to 2021 income (£) 2021 to 2022 income (£) 2022 to 2023 income (£)
HE-BCI survey Income from contract research 4,693,000 2,926,000 2,008,000
Income from consultancy 14,074,000 14,205,000 17,550,000
Income from equipment and facilities 0 0 0
Income from regeneration 0 0 0
Income from intellectual property 0 100,000 100,000
Income from SMEs in the above categories* 309,000 467,000 97,000
Innovate UK KTP income** 0 0 0
OfS annual financial return Income from NCB provision 19,924,000 30,562,000 40,137,000
Total per year 39,000,000 48,260,000 59,892,000

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 = (2020 to 2021 income x 2) + (2021 to 2022 income x 3) + (2022 to 2023 income x 5)
522,240,000

HEIF allocation

Main allocation (£)
4,670,000
Top-up allocation (£)
726,097
Total allocation (£)
5,396,097

Table F: 2024 to 2025 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