1. The Vote Formula: Resource Allocation Methodology Planning Division October 2010

2. What is the Vote Formula? The College’s main mechanism for distributing general funds to the faculties (and the Business School) Most (but not all) income from HEFCE and from fees that the College receives is distributed to faculties through the Gross Vote Formula Some of that resource is retrieved through the Infrastructure Charge mechanism to fund the College’s support services

3. The Vote Formula Each Faculty (and the Business School) receives a Net Vote allocation This consists of its share of the Gross Vote Gross Vote = T + R + c + s + o + p less its share of the Infrastructure Charge Net Vote = Gross Vote – Infrastructure Charge

4. HEFCE funding for charity funded research (c stream) HEFCE funding for strategically important and vulnerable subjects (s stream) 100% premium element (premium fee less standard fee) (p) 25% standard overseas fees (o) £17.6M - £0.4M £3M - £1.5M £16M £15M The Gross Vote is then split between R and T using the “R:T ratio” These amounts are distributed via the Research and Teaching formula using weightings and volumes Research (45%) £63M Teaching (55%) £76M The following four items are distributed to faculties before the teaching and research formula are used Gross Vote £192M Volumes (i.e. activity) 1.2008 RAE-active staff (Category A) 2.Student load (PGR) 3.Research grants and contracts exp. on staff Weightings 1.RAE quality weighting 2.Subject 1.Student load (UG and PGT) 1.Type of student (UG, PGT) 2.Teaching (own, service, export) 3.Subject ResearchTeaching Gross Vote remaining £139M 2010-11 Vote Formula: Allocating the Gross Vote

5. Business School Natural Sciences MedicineEngineering Infrastructure Charge Once the Gross Vote has been calculated, the next stage is to calculate each faculty’s share of the infrastructure charge (£99M) using four streams of information… 8% 24% 31% 37% 3% 48% 25% 24% 58% 21% 20% 32% 29% 37% 4%4% 35% 28% 33% Student load 34% Staff FTE 16% RG&C staff exp 12% Space 38% Total

6. Where can I find out more? On the Planning Division website: www.imperial.ac.uk/planning/strategy/resourceallocation By contacting the Planning Division: Carole Hobden (c.hobden@imperial.ac.uk; ext. 47212)c.hobden@imperial.ac.uk Jamie Collier (j.collier@imperial.ac.uk; ext. 47266).collier@imperial.ac.uk