Calculating the cost of your research project
At least three weeks before the competition deadline you should contact the funding advisors for assistance with calculating the cost of the work in your proposal. In the first instance, please complete and send them a copy of the Costing Request Form (internal staff and students only) to firstname.lastname@example.org.
The team will work with you to ensure that everything has been costed appropriately and in accordance with University of Plymouth Full Economic Costing (fEC) rates and the University's finance regulations and procedures. University staff can visit the Finance SharePoint site for further information.
The Funding Advisors will prepare a costing for you on Award Manager that summarises all of the costs and specifies the proportion that will be funded externally and any shortfall that must be funded internally. For instance, the research councils only pay 80% of the fEC in most cases.
Institutional approval is required for all external research funding applications from Head of School and Dean; this is completed through Award Manager. Projects with a value of greater than £2 million (fEC) require additional sign-off by the Office of the Vice Chancellor (OVC). The funding advisors will arrange this for you. Please allow at least a week following all other approvals for the OVC sign-off to be completed.