The main objectives of R&I Finance are to manage Research Project costs from their inception through to the final recovery of income / funding and to ensure that income and costs have been appropriately allocated.
Specific aims are as follows:
- To ensure Non Standard of Care activities and procedures are accurate and complete in all R&I study costings presented to R&I Finance for approval.
- All costs, whether Commercial or Non Commercial, are properly and fully funded, whether by Sponsor, Institution, Grant or NIHR funding.
- All Research Agreements clearly reflect the costings that had been approved by R&I Finance.
- All income / funding is recovered from the various sources, accurately and on time
- All income received is allocated correctly and fairly between Specialties, Support departments and sub-parties such as The University of Nottingham or Circle Nottingham (who operate the Treatment Centre).
- All funding specifically allocated to recover the cost of the R&I department is managed and correctly accounted for.