Process for Handling Simple Grants
Simple grants are processed as a flowdown of the full award, but with the funds being paid to the University and the College then invoicing the University. This will therefore require a subcontract.
Issues to consider:
- Sponsor’s terms will be flowed down to the College through the subcontract
- The subcontract will include the College agreeing to release their employee to work on the project for the duration of the subcontract
- In return for processing and administering the award the College is requested to the pay the University’s Research Office a fee of £300 per application and £350 per annum for each sucessful award
- Any arising intellectual property will be owned by the College