Finance

Finance

I’m a researcher and I need some advice about funding for my study. What support can I access?

At Leicester’s Hospitals, we have a dedicated specialist finance team embedded with Research and Innovation to deal with all financial aspects of research. We aim to deliver a comprehensive one stop financial service to our researchers and their teams.

The team is always happy to assist with your financial queries relating to research, and can provide you with support to cost your study, liaise with funding bodies, sponsors, universities and other research sites. The team can help you with the finance aspects of your grant applications too, and point you in the direction of any local funding sources which you may be able to access.

We would advise that you contact the R&I Finance team at the earliest opportunity, especially if you have deadlines that need to be met.

I have a proposal and an idea of costings, what do I do now?

It is important that you contact the Research and Innovation team first, and as early as possible in the process, so that they are able to provide the best possible support. We will work together with you to assess what financial requirements there may be for each individual study and what form of funding you may be able to access.

We also work very closely with the Clinical Research Network: East Midlands, so if you are already in contact with them, please do let us know. The more information we have, the more effective and accurate our advice will be.

My research won’t cost anything. Why do I still need to get finance approval?

Most research has a cost because it is usually delivered in addition to usual care. However, even when research is conducted using usual care as a basis, your time to generate data may be additional and will need to be agreed. There may also be other costs associated with your research project which you are unaware of. For this reason every study will require financial approval before it can proceed.

Sometimes it is possible for the Trust to absorb the costs rather than obtain funding from another source. The Research and Innovation Finance team will always confirm the actual costs of a clinical trial and agree which budgets within the Trust will actually pay for the research activity.

To contact us, please complete the form below and a member of our team will get back to you.