fEC Rates from 1st August 2021

Please be advised that X5 has been updated with the new fEC rates for 2021, which this year are applicable from 1^st August 2021. Note that there has been a decrease in the rates driven by the nature of the calculations. Users of X5 will need to update their costings (go to the Rates Tab / Facilities Rates File / select the new date and save or use the Apply all updated files now option). 

Also be aware that for MRF / SRF rates

• The funder budget headings in the Facilities tab have been removed and will need to be re-entered
• Facilities using ‘Variable rates’ have defaulted to 0.01. Users will need to change this figure back to previously agreed rate
• Facilities that are no longer available should be replaced by a new or similar facility

In addition, the University inflation file has been updated in X5 with a start date of 01/08/21 for Non-staff related price headings (such as Non-staff and DI and DA facilities). This means that when users update their costings, the first date of inflation will change to 01/08/22. If you have any queries about the updates, please contact your Research Development Team at the Research Operations Office.