The phrase "allocates between" is correct and usable in written English.
It can be used when discussing the distribution of resources, responsibilities, or tasks among different parties or categories.
Example: "The budget allocates between various departments to ensure that each has the necessary funding for their projects."
Alternatives: "distributes among" or "divides between".
Each state is allocated between three and six members of the Bundesrat, depending on population.
Offices of state were allocated between the signatories, and agreement was reached on the sharing of oil revenues.
Where two parties are contractually bound to the proper use of digital signatures, the problems melt away, because the legal risks are allocated between the parties.
Lease accounting is a significant issue at Xerox, which derives a substantial part of its revenue from gross lease payments that must be allocated between different items -- supplies, services, financing and equipment.
The railroads are also concerned that the federal government will be the final arbiter of how new capacity created with the federal funds will be allocated between passenger and freight traffic.
Nor does the draft make clear what powers the EU, as distinct from its constituent members, would have in foreign policy, nor how those powers would be allocated between the commission and the council.
In December the community failed to reach agreement on a new German-backed draft constitution after Spain and Poland raised objections to planned changes in voting weights allocated between large and small EU members.
For Scotland's Labour Party it does not look so good, because the SNP portrays it as reducing Scottish spending to English levels.There is already pressure for a reform of the way that public spending is allocated between the British regions.
As such, you make the call on how resources are allocated between competing priorities within the company.
How the funding will be allocated between different sports will be decided by UK Sport.
