Funding calculations

Circular W21/15HE: HEFCW’s Funding Allocations 2021/22, sets out our overall funding distribution for the 2021/22 academic year, including individual institutional allocations for teaching and research.

Data and methodology

This section provides information on data and methodology used within the formula driven recurrent grant methods.

Teaching funding

An Excel model shows how the non-quota funding methodology works within the teaching funding method:

The HESA (Higher Education Statistics Agency) data used in funding allocations are described in the higher education data requirements circular (W20/30HE).

Higher Education Statistics Agency (HESA) data

Available below are algorithms relating to the extraction of such data from the 2018/19 HESA student record to be used in the calculation of the access and retention, disability, expensive subjects and Welsh medium premiums and the per capita funding allocations. The algorithms are based on a simplified version of the SAS code we use to extract the data.

Note that in order to ensure that students are counted correctly, further criteria in addition to those described in the algorithms may be applied.

Research funding

Available below is information on the extraction and calculation of Quality Research (QR) funding and Postgraduate Research (PGR) funding. The links below provide the most current information about the QR funding model, as no changes have been made to the data or the formula since 2015/16.