This scheme aims to fund outstanding knowledge exchange and engagement projects with clear pathways to impact and clearly identified partners and beneficiaries. Projects will outline convincing plans to develop, evaluate, and evidence impacts and must be demonstrably connected to excellent ongoing and completed research. Anticipated impacts may be in local, national, or international contexts.
Scheme priorities
In line with LSE’s Research for the World strategy, this scheme aims to fund activities with potential to deliver outstanding real-world impacts.
This may involve fostering collaborative projects with industry, policy, and practice; promoting knowledge exchange between academia and external stakeholders; supporting impactful solutions to real-world challenges through research; developing clear pathways for translating research into tangible impact; or producing thorough evaluations and evidence of impact, while also improving engagement and impact skills, with the goal of creating outputs that could be featured in a REF impact case study.
Funding available
The total available funding for the scheme is £300,000 per year.
Annual funding is distributed equally throughout the year. These distributions are timed to support research activities at critical stages and are in place to ensure no advantage is gained by applying at a specific time of year.
Projects can ask for funding up to £20,000, for projects lasting up to 12 months. If you require funding for an ambitious project at a larger-scale please contact the KEI team who can provide support and advice for ambitious ideas leading to significant impact activities and evidence.
Timetable
Term
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Opening date
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Closing date
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Outcomes
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Autumn
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Sunday 1 September 2024
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Friday 11 October 2024
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From Monday 9 December 2024
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Winter
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January 2025
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Friday 31 January 2025
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From Monday 31 March 2025
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Spring
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April 2025
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Friday 16 May 2025
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From Monday 21 July 2025
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Eligibility to apply
Principal Investigators
- You must be a member of Faculty, Research and Policy Staff, Teaching Staff* and LSE Fellows as listed in LSE HR Role Profiles, including in practice roles.
*Teaching Staff must demonstrate the proposed project is in line with their teaching field.
- You must have a contract of employment with their Academic Unit at LSE in place for the entire project duration, and be able to demonstrate continued links with LSE into the future. Projects cannot be used to extend LSE contracts of employment.
- Current Students, Graduate Teaching Assistant (GTA), Emeritus, and Guest Teacher role holders may not apply.
- You may only apply once per round across all schemes.
Academic Units
- Applicants must confirm that they have the full support of their host academic unit as part of their application. An award letter co-signed by the hosting unit lead will be required at award stage.
Current Project Holders
- Previous awardees of internal funding must confirm the submission of the final report of closed projects.
- You may not hold more than one project on the same scheme at any one time (either as PI or Co-I).
Application process
If you are considering making an application, we strongly encourage you to contact the research.kei@lse.ac.uk team as soon as possible and no later than 2 weeks before the application deadline.
All applications are submitted through the Internal Funding Application Form.
You can find the guidance for the application form here. (LINK)
Costing your application
If you are including any LSE staff costs in the budget it is mandatory to contact the research.kei@lse.ac.uk team as soon as possible and no later than 2 weeks before the assessment deadline.
The following costs are eligible for this scheme:
- Directly Incurred Salaried research and policy staff costs within the project and contract periods.
- Directly incurred non-staff costs such as travel, fieldwork, consumables, goods, equipment, services, and consultants (including associated fees and taxes).
- Hourly Paid Staff costs for occasional research assistance and clerical support.
Specialist costs to make project activities more accessible are also eligible, such as:
- Costs for care of dependents where it is unavoidable.
- Costs to make adjustments within travel and accommodation bookings for staff who need them.
- Cost to make sure outputs are accessible (both for researchers and stakeholders, such as braille printed books or pamphlets).
- Costs of specialist contractors that are working on EDI supporting activities, such as audio transcription for events, etc.
- Costs to make events more accessible including specialist venues and supporting staff.
The following costs are not eligible under this scheme:
- Directly Allocated (LSE NAC Staff) salaried staff costs.
- Collaborator or partner staff costs.
- Indirect (overheads) and estates (space) charges of LSE or any Partner or Collaborator.
- Open Access fees and article processing charges covered by the Open Access fees and article processing charges covered by the Open Access Fund
- DI teaching contract or hourly paid teaching costs are not eligible.
If you are unsure of the kinds of non-staff costs you can include in your project, please explore the list below:
- Meetings, events, workshops or exhibitions to engage specific non-academic groups and communities with research.
- Creation of outputs including policy briefs, accessible reports, toolkits, films, podcasts, interactive databases, social media campaigns where the audience and pathways to impact are clearly identified.
- Research or project assistance to support the organisation of events or activities, the development of outputs and/or the evaluation of activities and outputs and their outcomes and longer term impacts.
- Collecting and evaluating evidence to support case studies, including for the REF.
- Collaborations with non-academic partners.
Review and selection
Applications will be sent for peer review and selection by the Impact & Innovation Panel
Assessment criteria
Applications will be assessed against the following criteria. In the event of highlight topics, agreed at the first Panel meeting of the year, special additional criteria on the theme will be incorporated into this selection criteria.
Criteria
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Impact Fund
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Scoring Model
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1
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Reach and significance of the planned impact.
The panel will consider the project's potential to deliver benefits at appropriate scale, or to deliver significant impact for specific beneficiaries, or both. This should include the extent to which the proposal includes plans for impact evaluation and (where relevant) evidence gathering and evaluation.
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4=Outstanding
3=Excellent
2=Good
1=Average
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2
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Alignment to LSE strategic objectives.
The panel will consider how the project can contribute to the LSE impact environment, raise awareness and visibility of LSE research and impact, produce impacts from exceptional research, and develop policy and public facing outputs and outcomes.
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4=Outstanding
3=Excellent
2=Good
1=Average
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3
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Networks and partnerships.
The panel will look for evidence that appropriate networks and/or partnerships are in place (or planned) to support the impact activity and that appropriate pathways to impact are included with specified non-academic partners and beneficiaries
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4=Outstanding
3=Excellent
2=Good
1=Average
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4
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Project planning and finances.
The Panel will consider whether the project deliver value for money and are the proposed activities feasible. This includes evaluating the effectiveness of project management and risk mitigation strategies to ensure the project is financially sustainable, and capable of managing potential risks.
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4=Outstanding
3=Excellent
2=Good
1=Average
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Peer review process
- Every application will be reviewed by three Peer-Reviewers who are members of the panel.
- Peer-Reviewers must score and add a comment for each of the criteria in the Peer-Review Spreadsheet they are sent for their applications.
- Peer-Reviewers are asked to score 1-4, using half marks as needed.
The scores for criteria 1 and 3 will be used to rank applications and comments from scores 2 and 4 will be used for context in the Panel discussions to reach consensus on the final decisions to award
Outcomes
All applications will receive feedback from the selection process within the timelines stated above. Projects are awarded based on the information received during the application process and subject to any Panel conditions.
Unsuccessful applicants may apply again provided the project is new or is developed in line with feedback.
Successful awardees may be contacted with requests to peer review similar applications.
Managing your award
Principal Investigators must comply with the following rules:
- Confirm that they have the full support of their host academic unit. An award letter co-signed by the hosting unit will be required.
- Manage the project funds in line with LSE financial regulations.
- Contact the R&I Funds Manager to request virements and extensions to awards.
- Comply with LSE polices for research governance, ethics, data management, intellectual policy and other policies relevant to their research.
- Engage with in-flight monitoring meetings including information requests for research communications and publicity.
- Ensure that processes and projects are compliant with good research practices, ensuring transparency and accountability.
Project changes in duration, team, costs and objectives will only be permitted in exceptional circumstances and always subject to further review by the R&I Funds Manager.
Project closure and reporting
Principal Investigators must complete a final financial report within 3 months of project end date.
Principal Investigators will be required to report on the activities, outputs, and outcomes of their research project in a final report, not more than 12 months after the end date of the project.
Full details of the reporting templates will be provided at the point of award.
Support
Please contact the research.kei@lse.ac.uk team for guidance on your application.
General queries, feedback and comments on this scheme can be sent to ri.internalschemes@lse.ac.uk