Research Finance

The Research Finance team are responsible for the administration of externally funded research project accounts once an award has been received and accepted by the University, with a responsibility for managing the university’s £800m portfolio of research project accounts.

The team maintain up-to-date specialist knowledge of a wide range of funders’ financial terms and conditions and provide expert advice on the management of project finances in order to assist in maximising research income to the University. The team provide guidance to Principal Investigators and other stakeholders where required to ensure compliance with both funder rules and internal accounting policies.

The Research Finance team are responsible for a wide range of tasks required to manage project accounts on behalf of the university and individual academics, including raising funder invoices and completing funder claims in line with payment schedules/deadlines, advising on the availability of funds for research-funded staff recruitment, managing external funder audits, managing month-end accounting routines, transfers of costs between project accounts where required to meet funder rules and/or maximise expenditure, and completing final account reconciliations and closing project accounts in a timely manner.

Contacts by College

Impact of the USS Pension Increases on Research

From October 2019 the USS Pension increases will potentially impact on the cost of research staff posts on grants, where grants were awarded without the cost increase being included.  Full information about this, and how to manage the additional cost is available here.