STFC fellowships: rules and regulations
Full economic costing
Fellowship applications submitted to the 2010 fellowship round will be costed on the basis of full economic costs (fEC). If a fellowship is awarded, STFC will provide funding at 80% of the fEC costs requested. The organisation must agree to find the balance of fEC for the proposal from other resources.
Universities and other higher education organisations will use the Transparent Approach to Costing (TRAC) methodology to calculate full economic costs.
Research Councils will apply the same funding arrangements to all organisations that are eligible for their support. Non-university organisations will not be expected to use the Transparent Approach to Costing (TRAC) methodology, but Research Councils will require a validation process to ensure that non-university costing methodologies are robust.
The standard default rates (link opens in a new window) should be used where Research Organisations have not yet developed their own rates.
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Page last updated: 27 July 2010
by Pat Carter
