Full economic costing: The Biochemical Society Supporting Excellence in the Science Base | Zendy

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Full economic costing: The Biochemical Society Supporting Excellence in the Science Base

Author(s) -

Rodney Eastwood

Publication year - 2005

Publication title -

the biochemist

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.126

H-Index - 7

eISSN - 1740-1194

pISSN - 0954-982X

DOI - 10.1042/bio02703050

Subject(s) - treasury , excellence , government (linguistics) , quality (philosophy) , activity based costing , business , capital (architecture) , finance , accounting , economics , public economics , political science , law , philosophy , linguistics , archaeology , epistemology , history

The Government intends to reform the way research is funded in UK universities. The reforms arise from an awareness in the Treasury that current methods are not sustainable in the long term. For many decades, universities have had insufficient resources to provide an adequate infrastructure to support the highest quality research. The inevitable result has been that much of their capital assets are well past their replacement date and the recurrent account is nowhere near adequate to provide for the necessary depth and quality of support.

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