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What is the overheads rule for a Higher Education Funding Council for England (HEFCE) institution?

April 26, 2017council England funding HEFCE higher education institution overheads rule

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What is the overheads rule for a Higher Education Funding Council for England (HEFCE) institution?

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This is only ever 46 per cent of staff salary. ESRC-recognised research institutions can request an additional five per cent in ‘exception items’.