More Demand Management from EPSRC

The EPSRC has issued guidance on the number of applications it will accept to it's Postdoc Fellowships in the Mathematical Sciences.
This year it will only accept five per institution. In subsequent years, it will alter this allowance, depending on the quality of applications submitted previously, according to the following criteria

1. The cap will increase by one if all proposals submitted by that research organisation ranked above the quality cut- off as determined by the peer review panel.
2. The cap will remain constant if between 70% and 100% of proposals submitted by that research organisation ranked above quality cut-off.
3. The cap will decrease by one if between 50% and 70% of proposals submitted by that research organisation ranked above quality cut-off.
4. The cap will decrease by two if less than 50% of proposals submitted by that research organisation ranked above quality cut-off.
   

A minimum of two applications per research organisation will be guaranteed at any given year (independently of the above table). Also, no more than eight proposals will be accepted by any research organisation at any given time.
Every year, the Sift Panel will be asked to draw the quality cut-off, which will be used to determine variations on the number of proposals for the following year. EPSRC will email HoDs and Research Offices to tell them how many applications can be submitted.
At the moment this cap is being limited to the Mathematical Sciences, which is particularly oversubscribed. I called them to get a sense of whether it would be rolled out into other areas, and they were adamant that they would not. But watch this space...