GUIDES TO COSTING
It’s vital that you allow sufficient time to prepare your costings for your grant application, allowing for both your calculations and for your costings to be verified by your institution’s finance department. Consider working with a more experienced researcher to develop your budget.
Funding panels are looking for value for money; it’s imperative that all costs are justified. When compiling your budget, you should also double check what aspects of your project your funder will finance; there are differences between government and charity funding regarding overheads, and you should separate these out as appropriate.