We provide funding for research primarily through our QR - Quality Research -funding stream. We also provide funding to institutions for the training of postgraduate research students.
We allocate QR funding selectively to recognise and reinforce research excellence. The funding is distributed by formula on the basis of the outcomes of the UK-wide 2008 Research Assessment Exercise (RAE). In 2014/15 we are providing £71 million through QR.
We operate a separate funding stream to support the training that higher education institutions provide for postgraduate research (PGR) students. In 2014/15, we are providing £5.2 million through our PGR funding stream.