External research income

Overview of the University's external research income

Total research income

In the financial year 2023/24, the University of Oxford’s total research income, including the QR funding, totalled £944.9 million. Of this sum, £778.9 million was from externally funded grants and contracts. 

Total research income 2023-2024
Income source Amount
Externally funded grants and contracts £778.9m
QR funding £166.0m
Total research income £944.9m

 

External research income by funder type FY 2023/24

Funder type Amount %

Breakdown of income from externally funded grants and contracts by funder type 2023/24

income bubble 202324

 

 
Research Council

£181.8m

23%
UK charities

£176.3m

23%
UK and overseas industry

£148.0m

19%
UK government departments and health authorities

£115.6m

15%
Other UK and overseas sources

£112.0m

14%
EU government

£45.3m

6%
Total £778.9m 100%

 

External research income from FY 2014/15 to FY 2023/24

The external research income figures do not include the tax credit for research & development (RDEC) from the UK Government that the university received:

10yr income bar up to 202324

External research income 2008/09 to 2017/18

External research income 2014/15 to 2023/24

External research income 2014/15 to 2023/24 (excluding RDEC)

Financial year

Amount

Year on year % change

2014/15

£522.9m

 

2015/16

£537.7m

+3%

2016/17

£558.3m

+4%

2017/18

£577.9m

+4%

2018/19

£624.7m

+8%

2019/20

£633.6m

+1%

2020/21

£653.3m

+3%

2021/22

£711.4m

+9%

2022/23

£789.0m

+11%

2023/24

£778.9m

-1%

 

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