Chapter 3: External research income

Funding formula for the external research income measure

3.5The ERI measure is calculated as a weighted three-year rolling average. The formula used to calculate the ERI measure for 2011 is:

∑ [(2007 ERI for TEO x 0.15) +
(2008 ERI for TEO x 0.35) +
(2009 ERI for TEO x 0.50)]
X total amount of funding available for the ​
ERI component of the PBRF
∑ [(Total 2007 ERI for all TEOs x 0.15) + 
(Total 2008 ERI for all TEOs x 0.35) +
(Total 2009 ERI for all TEOs x 0.50)]

3.6The formula used to calculate the ERI measure for 2012 is:

∑ [(2008 ERI for TEO x 0.15) +
(2009 ERI for TEO x 0.35) +
(2010 ERI for TEO x 0.5)]
X total amount of funding available for the ​
ERI component of the PBRF
∑ [(Total 2008 ERI for all TEOs x 0.15) +
(Total 2009 ERI for all TEOs x 0.35) +
​(Total 2010 ERI for all TEOs x 0.5)]