Changes to grant management arrangements of Wellcome Trust from December 2015

1. Wellcome Trust will no longer be ring-fencing any budgets on their conventional grants. Grant holders will be able to move funds into and out of budgets, but any significant transfer of funds between cost headings must be agreed with Wellcome Trust. For more information regarding managing grant budgets please refer to the website of Wellcome Trust.

2. Wellcome Trust are clarifying their arrangements for closing grant accounts (and if necessary writing back funds), and introducing new processes to ensure all conventional grant accounts are closed within seven months of the grant end date (unless in agreed exceptional circumstances). For more information on closing grants please refer to the website of Wellcome Trust.

Further guidance will be provided as soon as Research Operations have had time to consider how these changes might affect departments and grant holders.