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5 Seeking Resources
118 5
  • All costs that contribute to the fEC of the proposal should be included under one of the following cost headings.
  • All costings should be at current prices, inclusive of VAT and other taxes where applicable, with no allowance for inflation.  Any allowance for inflation that has been included in the full economic costing of the proposal by the Research Organisation must be excluded.  The Research Councils will include an allowance for inflation if a grant is awarded.
  • Resources to be provided by any project partners, whether in cash or in-kind contributions, should be clearly identified in the proposal.  Research Councils will pay 80% of the total costs of the project excluding the project partner contribution.  Project partner contributions in cash or in-kind should be seen as additional to the Research Councils' % contribution and are not considered part of the fEC of the project. 
  • The costs of a Principal Investigator's time in completing the final report may be included in the proposal, but the duration of the grant must remain within the terms of the type of proposal selected.