The Royal Academy of Music

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: 2024 to 2025 Summary of allocations

Quality-related research (QR) funds

Mainstream QR funds (£): 173,655
London weighting on mainstream QR (£): 20,839
Mainstream QR funds including London weighting (£): 194,494
QR charity support fund (£): 0
QR business research element (£): 0
QR RDP supervision funds (£): 22,759
QR funding for National Research Libraries (£): 0
Total QR funding (£): 217,253

Higher Education Innovation Funding (HEIF)

Main allocation (£): 0
Top-up allocation (£): 0
Total HEIF (£): 0

Total QR and HEIF grant (£): 217,253

Museums, Galleries and Collections Fund (£): 221,663

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 (£): 0
AFR21 Research income from charities (£): 0
AFR22 Research income from charities (£): 0
AFR23 Research income from charities (£): 0
Average annual income (£): 0
London-weighted research income (£)*: 0
QR charity support fund (£)**: 0

London weighting (£): 0
Rate: 0

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 (£): 0
AFR21 Research income from businesses (£): 0
AFR22 Research income from businesses (£): 0
AFR23 Research income from businesses (£): 0
Average annual income (£): 0
QR business research element (£)*: 0

Rate: 0

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	0	0	0
	Income from consultancy	0	0	0
	Income from equipment and facilities	0	0	0
	Income from regeneration	0	0	0
	Income from intellectual property	0	0	0
	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	0	0	0
Total per year		0	0	0

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): 0

HEIF allocation

Main allocation (£): 0
Top-up allocation (£): 0
Total allocation (£): 0

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