10 per cent retention policy
Wellcome is placing an increasing emphasis on evaluating the impact of the research we fund and ensuring the published outputs are disseminated to the widest possible audience.
The End of Grant Report is a key tool in assessing the grants we have funded, enabling us to review the outputs and outcomes of recently completed research, assess the quality of the research undertaken and identify important questions raised.
To help ensure all our research can be evaluated, we only pay out the final 10 per cent of the total budget once an End of Grant Report has been returned and the research publications detailed in the report comply with our open access policy.
Grant types covered by the 10 per cent retention rule
The 10 per cent retention rule applies to all conventional Wellcome grants, including Investigator Awards, project, programme and equipment grants, fellowships, studentships and Strategic Awards.
The rule doesn't apply to those grants where it is a condition of the award that payments:
- are conditional on milestones
- require specific approval by Trust monitors
- where specific agreement has been made.
Holders of joint grants (ie where funds for the project are awarded to two or more organisations) should note the following:
- Regardless of the number of joint grantholders, only one End of Grant Report is required. Where the components of the joint grant are not co-terminous, the End of Grant Report should be submitted by the lead applicant whose work has the later end date. This lead applicant is expected to ensure that the report captures all the achievements from the whole grant and not just from his or her component of the work.
- The lead applicant whose component of work has the later grant end date will receive the final 10 per cent of his or her grant funds when the End of Grant Report is received by Wellcome and an assessment has been made to ensure all publications detailed in the report comply with our open access policy. The other applicants will receive the final 10 per cent of their grant funds when Wellcome is satisfied that their respective component of the work has been completed.