What will the UKCRN Industry Costing Template do?

The new UKCRN Industry Costing Template will:

• Provide a clear methodology to calculate consistent and transparent prices associated with industry-sponsored studies to support both industry and the NIHR Networks
  
• Ensure all NHS Trusts are fully reimbursed for any activities associated with industry studies
  
• Identify standard rates for staff time, overheads, capacity building, investigations and costs for departments supporting research, which are acceptable to all parties
  
• Speed up the negotiation process for costing and is one of several tools being introduced to speed up trial initiation and ensure the Networks provide a value for money environment for trials
  
• Provide clear guidance for Industry and the public sector
  
• Be implemented through the NIHR Networks for all relevant studies.