Transparency Review – Background

The Transparency and Accountability Review for Higher Education was initiated following the Government’s 1998 Comprehensive Spending Review.

The main purpose was to develop a uniform and transparent approach to the costing of research (TRAC) and other activities within Universities and Colleges.

The new uniform approach to costing has to satisfy the Government requirements for transparency and accountability.

It must also be holistic so as to assist institutions to improve their own internal management, and to satisfy sponsors’ requirements for evidence of “full costs” in certain types of Government and EU research contracts.

TRAC is mandatory for all institutions that have research projects funded by the research councils or government departments. These projects will in future be funded on a basis related to Full Economic Costs (FEC) determined according to TRAC methods.

More information on the review is available at the Hefce Website.