Research Incentives Policy
The School operates a Research Incentives Policy which allocates personal financial rewards to staff who win grant funding. For details view the Research Incentives Policy and FAQs.
Research Infrastructure and Investment Fund
Departments (or Research Centres) also benefit from the scheme. In recognition of the costs of running research projects, departments are allocated a 40% share of the net overhead income brought in by each grant, to be used according to the rules of the Research Infrastructure and Investment Fund (RIIF fund).
Detailed rules on the calculation of the RIIF Fund allocation are in the Research Incentives Policy.
Details on the purposes and uses of the RIIF Fund are in the Research Infrastructure and Investment Fund
Subject to conditions, personal financial rewards, paid for from School funding, are equal to the value of the salary of the investigator recovered through the grant. Personal financial rewards can be used as salary supplement, teaching buy-out, and/or put into an individual research account for personal research use.
To see what personal financial rewards might result from the Policy, view our illustrative examples.
Certain funders will directly cover the cost of teaching buy-out. Check the guidelines for conditions. The Research Development Team will help calculate the amount of buy-out you can apply for and will offer further advice on the procedure.