2025/26 annual report and accounts supporting information

The information below supports our 2025/26 financial statements.

Analysis of grant costs and time-apportioned spend by host institution

This analysis forms part of our audited accounts. See note 6 on page 89 of our annual report and accounts. 

This is a caption table example

2025/26

2024/25

Host institution

Financial accounting

Time apportioned*

Financial accounting

Time apportioned*

The Francis Crick Institute

£69,374,302

£64,399,417

£64,782,252

£65,463,687

University of Cambridge

£44,266,691

£52,889,342

£63,395,102

£48,868,656

University of Manchester

£33,402,883

£26,395,533

£27,681,730

£26,199,094

University College London

£29,136,886

£28,845,066

£29,379,769

£26,313,045

University of Oxford

£21,950,125

£17,709,012

£21,392,000

£18,890,773

Institute of Cancer Research, London

£20,139,300

£16,947,764

£18,832,698

£16,659,304

Queen Mary University of London

£6,600,095

£6,362,563

£7,541,406

£6,017,973

Imperial College London

£6,565,065

£6,739,634

£4,620,753

£6,322,038

University of Edinburgh

£6,147,979

£6,806,950

£6,551,486

£6,303,034

University of Birmingham

£6,107,953

£6,951,940

£5,879,822

£7,437,518

Newcastle University

£5,867,731

£6,477,407

£6,635,117

£5,940,763

President and Fellows of Harvard College

£5,253,720

£277,790

£134,809

£351,553

University of Glasgow

£4,208,694

£7,173,142

£5,439,654

£8,262,322

King's College London

£3,815,671

£4,097,622

£1,889,071

£3,955,940

Cardiff University

£3,578,395

£2,313,440

£996,733

£2,849,608

Cancer Research UK Cambridge Institute

£2,800,000

-

-

-

Queen's University Belfast

£2,471,900

£977,561

£553,715

£872,920

University of Southampton

£2,177,783

£3,508,328

£3,111,777

£3,994,002

University of Dundee

£2,170,139

£1,281,792

£21,168

£1,542,421

American Friends of Cancer Research, Inc.

£1,801,089

£1,710,714

£540,052

£911,019

Institute of Child Health and University College London

£1,575,888

£214,857

-

£125,007

Stanford University

£1,555,042

£1,350,288

£1,232,937

£1,833,521

Wellcome Sanger Institute

£1,455,263

£1,931,876

£2,607,513

£1,223,792

The Children's Hospital of Philadelphia

£1,310,716

£843,247

£169,202

£958,101

University of California San Francisco

£1,214,214

£1,253,344

£873,004

£1,489,380

University of Leeds

£1,183,992

£2,733,734

£3,333,663

£3,099,409

University of Leicester

£1,040,249

£884,474

£908,501

£933,326

Royal Marsden Hospital

£1,000,000

-

-

-

Other institutions

£28,229,537

£32,342,367

£28,503,211

£33,841,745

£316,401,302

£303,419,204

£ 307,007,145

£ 300,659,951

* ‘Time apportioned’ refers to how grant-funded activities and associated costs are distributed over the duration of the research grant. Costs such as equipment, travel, consumables and subcontracting are allocated to the specific periods in which the activities occur. For example, if a two-year research grant includes £100,000 for equipment that’s required at the beginning of the project, that expenditure is fully apportioned to year one. This supports effective budget monitoring and compliance with funder expectations.

Grant-making committee members who received grants

Some of the scientists who serve on our grant-making committees also lead research projects that received funding from us in 2025/26. See note 30 on page 117 of our annual report and accounts. 

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Institution

Grantee name

Number of grantees

Imperial College London

Amanda Cross, Iain McNeish, Hashim Ahmed, Sam Au

4

Institute of Cancer Research, London

Emma Hall*, Kamil Kranc*

2

International Agency for Research on Cancer

Paul Brennan

1

King's College London

Sheeba Irshad

1

Massachusetts Institute of Technology

Michael Birnbaum

1

Newcastle University

Steve Wedge*, Alastair Greystoke

2

Queen Mary University of London

Peter Sasieni

1

Queen's University Belfast

Victoria Coyle

1

University College London

Sergio Quezada, Mariam Jamal-Hanjani, John Moppett, Maria Hawkins, Ruth Langley

5

University of Birmingham

Mark Bishton, Amanda Rossiter

2

University of California San Diego

Ludmil Alexandrov

1

University of Cambridge

Masashi Narita, Bristi Basu, Serena Nik-Zainal, Walid Khaled

4

University of Dundee

Alessio Ciulli

1

University of Edinburgh

Charlie Gourley

1

University of Glasgow

Seth Coffelt, Richard Wilson, Victoria Coyle

3

University of Leeds

Sarah Brown, Ann Henry, David Sebag-Montefiore

3

University of Leicester

Karen Brown, Harriet Walter

2

University of Manchester

Caroline Dive*, Paul Lorigan, Natalie Cook, Lorna McWilliams*

4

University of Oxford

Sarah Blagden*, Brian Nicholson, Carolyn Taylor

3

University of Southampton

Andrew Davies

1

University of York

Alexandra Smith

1

Wellcome Sanger Institute

Jyoti Nangalia

1

Yale University

Roel Verhaak

1

46

*Scientists who lead projects that received grant awards in excess of £1m this year