Glossary

glossary

COCE

Cost of Capital Employed

DfES

Department for Education and Skills

ESF

European Social Fund

ESRC

Economic and Social Research Council

EU

European Union

fEC

Full Economic Costing

FSR

Financial Statistics Return

FTE

Financial Statistics Return 

HEFCE

Higer Education Funding Council for England

HEI

Higher Education Institution

HESA

Higher Education Statistics Agency

IPR

Intellectual Property Rights

JCPSG

Joint Costing and Pricing Steering Group

JIF

 Joint Infrastructure Fund

NAO

 National Audit Office

O(CS)

Other (Clinical Services)

OGD

Other Government Department

OST

Office for Science and Technology

PGR

Post Graduate Research Student

PI

Principal Investigator

QA

Quality Assurance Process

RA

Research Assistant

RAE

Research Assessment Exercise

SRIF

Science Research Infrastructure Fund

TR

Transparency Review

TRAC

Transparent Approach to costing 

TTA

 Teacher Training Agency

Terminology

Academic
Principal Investigators, Co-investigators and Research Fellows/Assistants/Associates

Funder
Provider of money or other contribution towards a University research project

Infrastructure
Physical assets (including buildings), people, and intellectual capital

QR resource
QR stands for Quality related research funding - the name given to the research funding stream allocated by HEFCE. This funding is aimed at supporting Universities' basic research capability and is distributed on a formula basis, driven principally by the ratings of University departments in the Research Assessment Exercise (RAE).

QR enables Universities to have the freedom to pursue a certain amount of pure blue skies research, and also make proposals for research project funding from the Research Councils.

Researcher
Someone who will make a significant intellectual contribution to a research project. Typically such a person would be qualified to carry out independent or supervised research, might provide an academic lead for research, or could provide expert advice to a research project. A researcher has a thorough understanding of what they are doing, can interpret results and devise appropriate ways forward (rather than, for example, carrying out a set of routine operations under carefully supervised conditions).

These will normally be staff on academic or researcher grades although they may include staff on other grades where the individual is acting as a researcher. Examples of the latter include research nurses, high-grade technical staff who act in the capacity of a researcher, data managers who have a major role in structuring the data analysis.

Research Project
An activity that is considered to be a separately fundable piece of research. It includes for example, research grants and contracts, Programme grants, Centre grants and Fellowships.

Sponsor
Responsible for research governance issues relating to Management, Regulatory approval, Reporting incidents, liaison with NHS and dealing with honorary contracts

Sustainability
An institution is being managed on a sustainable basis if, taking one year with another, it is recovering its full economic cost across its activities as a whole and is investing in its research infrastructure at a rate adequate to maintain its future productive capacity appropriate to the needs of its strategic plan and students, sponsors and other customer requirements.