Early Career Grants Programme 2024: Example of a good project budget (GBP £)
We have compiled an example of what a good Early Career Grant budget should look like.
- The budget is laid out well, flows nicely, and is easy to understand
- Items are detailed and given a clear rationale
- Larger items/pieces of equipment (over £500) are justified, including links where possible
- The budget demonstrates forward thinking/planning with contingency costs. Have you considered unknown costs
Please note that the below is just an example of a good project budget, and that your project might not have the same items. What is important here is the layout and the clear rationale behind each budget item.
| Budget item | Quantity | Unit cost (£) | Total amount (£) | Rationale |
| 2 training days for 6 research assistants | 2 | 50 | 100 | This will cover fees, travel, and meals for the training course for the research assistants. |
| Stipend and per diems for 6 research assistants to cover data collection to cover 10 days | 60 | 36.5 | 2,190 | Each research assistant will be paid 36.50 per day for 10 days of data collection to cover their food, accommodation and time |
| Participant time for interviews | 50 | 2 | 100 | This is for participants of the 50 qualitative interviews to be provided with £2 each to cover their time for the study |
| Ethical review | 1 | 300 | 300 | The university fee for an ethics review is £300 |
| Fuel for travel | 500 | 0.5 | 250 | This is the cost of fuel for the research team to move in and out of the research sites for the study - 4 cars, 125 miles per car at £0.50 per mile |
| Car hire for the study | 4 | 110 | 440 | The cost to hire the 4 cars for the study |
| Laptop | 1 | 640 | 640 | The cost of a laptop needed for the study and for the analysis from this website www.kjhkjh.co.uk |
| Design and print of materials | 1 | 130 | 130 | This is the cost of designing the materials needed for the study questionnaires and for the guides for the community to sensitise them to the work (50) plus the cost of printing 300 copies of this (80) |
| Dissemination at local meeting | 1 | 380 | 380 | This is the cost to hire a local hall and provide refreshments and a copy of the report for 50 local community members |
| Contingency | 1 | 460 | 460 | This is to cover unknown costs, such as exchange rate differences with the project |
| Total | 4,990 |