Research England has revealed its Quality-Related (QR) funding for institutions for the years 2022-25, and LJMU can celebrate a significant boost in funding, representing an additional 52%.
LJMU will now receive £8,726,908 per year, an increase of £2,969,259 over the 2021-22 total of £5.7 million.
“This is very positive news for LJMU, which comes as a result of our strong REF results. Everyone involved should be very proud of their efforts and the positive benefits it has brought to the university.
We will use the money for our strategic priorities in research and knowledge exchange, which in turn will improve the quality of our teaching to our students.”
Keith George, PVC for Research and Knowledge Exchange
Relative to other larger institutions, ie those receiving over £8.7m funding, LJMU is ranked 5th for the % rise from 2014-2022 behind Northumbria, MMU, Portsmouth and Huddersfield.
- Annual HEIF has increased in 2022/23 to £1,463,871
- Annual RCIF has increased in 2022/23 to £501,109.
With the existing spending plans for these areas to be revisited to accommodate the extra funding.
We will also be in receipt of annual funds as follows:
- Policy Support Fund £115,109 – Spending Plan/process already in place within RIS
- Participatory Research Fund £32,278 – spending plan/process already in place within RIS
- Enhancing Research Culture – to be confirmed in Autumn.
The QR allocation related to specific UoAs submitted by LJMU is still to come, which will inform the exact value of the dispersal to Faculties. This will then be calculated and managed by Dr. Diana Leighton and Rob Schooler in Finance.
In another positive for LJMU, and reflecting the strength of REF across all parts of the university, this means it is also likely that all Faculties will benefit from additional funding.