2024 to 2025 grant data tables
Royal College 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 (£)
- 375,616
-
London weighting on mainstream QR (£)
-
45,074
-
Mainstream QR funds including London weighting (£)
-
420,690
-
QR charity support fund (£)
-
2,149
-
QR business research element (£)
-
390
-
QR RDP supervision funds (£)
-
119,997
-
QR funding for National Research Libraries (£)
-
0
-
Total QR funding (£)
-
543,226
Higher Education Innovation Funding (HEIF)
-
Main allocation (£)
-
356,978
-
Top-up allocation (£)
-
0
-
Total HEIF (£)
-
356,978
-
Total QR and HEIF grant (£)
-
900,204
-
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 (£)
-
5,000
-
AFR21 Research income from charities (£)
-
2,000
-
AFR22 Research income from charities (£)
-
2,000
-
AFR23 Research income from charities (£)
-
32,000
-
Average annual income (£)
-
10,250
-
London-weighted research income (£)*
-
11,480
-
QR charity support fund (£)**
-
2,149
-
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 (£)
-
0
-
AFR21 Research income from businesses (£)
-
8,000
-
AFR22 Research income from businesses (£)
-
0
-
AFR23 Research income from businesses (£)
-
0
-
Average annual income (£)
-
2,000
-
QR business research element (£)*
-
390
-
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
0
0
0
Income from consultancy
0
0
2,000
Income from equipment and facilities
55,000
527,000
527,000
Income from regeneration
117,000
30,000
5,000
Income from intellectual property
0
0
0
Income from SMEs in the above categories*
10,000
16,000
51,000
Innovate UK
KTP income**
0
0
0
OfS annual financial return
Income from NCB provision
1,985,000
1,888,000
2,179,000
Total per year
2,167,000
2,461,000
2,764,000
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)
-
25,537,000
HEIF allocation
-
Main allocation (£)
-
356,978
-
Top-up allocation (£)
-
0
-
Total allocation (£)
-
356,978
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
Table A: 2024 to 2025 Summary of allocations
Quality-related research (QR) funds
- Mainstream QR funds (£)
- 375,616
- London weighting on mainstream QR (£)
- 45,074
- Mainstream QR funds including London weighting (£)
- 420,690
- QR charity support fund (£)
- 2,149
- QR business research element (£)
- 390
- QR RDP supervision funds (£)
- 119,997
- QR funding for National Research Libraries (£)
- 0
- Total QR funding (£)
- 543,226
Higher Education Innovation Funding (HEIF)
- Main allocation (£)
- 356,978
- Top-up allocation (£)
- 0
- Total HEIF (£)
- 356,978
- Total QR and HEIF grant (£)
- 900,204
- 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 (£)
- 5,000
- AFR21 Research income from charities (£)
- 2,000
- AFR22 Research income from charities (£)
- 2,000
- AFR23 Research income from charities (£)
- 32,000
- Average annual income (£)
- 10,250
- London-weighted research income (£)*
- 11,480
- QR charity support fund (£)**
- 2,149
- 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 (£)
- 0
- AFR21 Research income from businesses (£)
- 8,000
- AFR22 Research income from businesses (£)
- 0
- AFR23 Research income from businesses (£)
- 0
- Average annual income (£)
- 2,000
- QR business research element (£)*
- 390
- 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
| 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 | 2,000 | |
| Income from equipment and facilities | 55,000 | 527,000 | 527,000 | |
| Income from regeneration | 117,000 | 30,000 | 5,000 | |
| Income from intellectual property | 0 | 0 | 0 | |
| Income from SMEs in the above categories* | 10,000 | 16,000 | 51,000 | |
| Innovate UK | KTP income** | 0 | 0 | 0 |
| OfS annual financial return | Income from NCB provision | 1,985,000 | 1,888,000 | 2,179,000 |
| Total per year | 2,167,000 | 2,461,000 | 2,764,000 | |
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)
- 25,537,000
HEIF allocation
- Main allocation (£)
- 356,978
- Top-up allocation (£)
- 0
- Total allocation (£)
- 356,978
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