DfES: Department for Education & Skills
EPSRC: Engineering & Physical Sciences Research Council
ESF: European Social Fund
ESRC: Economic and Social Research Council
EU: European Union
fEC: Full Economic Cost
FTE: Full-Time Equivalent
HEFCE: Higher Education Funding Council for England
HEI: Higher Education Institution
HESA: Higher Education Statistics Agency
IPR: Intellectual Property Rights
JCPSG: Joint Costing and Pricing Steering Group
JM Consulting: Consultants commissioned by JCPSG to support the sector through the Transparency Review implementation process
MRF: Major Research Facility
NAO: National Audit Office
OGDs: Other Government Departments
OST: Office for Science and Technology
Other Activities: Activities other than Teaching and Research
pFACT: Project Financial Appraisal and Costing Tool
PGRs: Post-Graduate Research Students
PI: Principal Investigator
QAV: Quality Assurance Validation
QR: Quality Research
RAE: Research Assessment Exercise
RAM: Resource Allocation Method
RCUK: Research Councils UK
RFI: Return for Financing and Investment
SRF: Small Research Facility
SRIF: Science Research Infrastructure Fund
TRAC: Transparent Approach to Costing
TRAC T: Transparent Approach to Costing for Teaching
