Considerations when costing research grants
Conducting research to a high standard requires funding and grant applications to funding bodies need a detailed breakdown of justified costs to show value for money. All expenditure must be accounted for, even down to the cost of tea and coffee.
Costs incurred directly from the project, for example staff, travel, transcription and equipment
If peer reviewers and funding body panel members do not agree that the research is value for money, the application will be rejected, so it is important to put together accurate costs.
The three distinct costs for a research study (Department of Health (DH) 2012) appear in the box below. The DH’s guidance for Attributing the Cost of Health and Social Care Research, AcoRD, gives clear examples of what comes under which cost, including those incurred before, during and after the research has ended.
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