The virement of funds between fund headings is permitted only within and between Directly Incurred costs and Exceptions excluding equipment.
Virements will be made at the percentage of FEC applicable to the fund heading into which funds are being transferred, for example 80% for Directly Incurred costs and 100% for Exceptions.
Equipment funding is ring fenced and transfers into or out of equipment headings is not permitted.
For items of equipment the Principal Investigator may be required to seek STFC's approval in advance to vire any savings on equipment purchases to other equipment items. In such cases, approval will be subject to an explanation of the saving and purpose of additional expenditure on other equipment.
Funds may only be transferred into studentship stipend or fees to supplement an existing studentship post on the grant. They may not be transferred to create new posts without prior approval from the Council. Transfers will be at the rate applicable for the heading, as set out in the award letter.
While approval does not need to be sought from STFC for transfer of funds, STFC reserves the right to query any expenditure outlined in the Final Expenditure Statement that has not been incurred in line with the Grant Terms and Conditions.
Under no circumstances may Directly Incurred and Exceptions funds be used to meet the costs of any other grant or activity.
Last updated: 04 March 2019
Science and Technology Facilities Council
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