Changes to the University Consultancy Service
This is to let you know about changes to the University Consultancy Service that will be happening over the coming weeks.
As you are aware, the University supports and promotes academic consultancy with external organisations, in order to demonstrate the impact of research, to enable us to develop relationships with external organisations, and to provide an additional revenue stream.
The REO aims to make it easier for academics and organisations to work together on consultancy projects and to that end, we are introducing a number of changes to improve and simplify it further. These changes, which have been agreed by University Steering Group, aim to promote engagement in consultancy by basing the consultancy service on an equitable and easily understood revenue-sharing model, whilst also ensuring that the full cost of doing consultancy is covered. The changes have also been based on informal feedback from academics via their designated faculty Research and Enterprise Managers.
Since it was launched, the University Consultancy Service has been based on a costing model that involved the recovery of Full Economic Costs. This has resulted in the academic consultant and Department realising a lower share of the client fee, and made it challenging for Departments to support consultancy activities and ‘buy out’ of academic time.
About the new model
The new model, which is introduced with immediate effect, will base the costing of consultancy day rates on the salary cost of the academic consultant, a mark up to achieve an acceptable market rate, and the addition of a 10 per cent management fee. Revenue will be shared between the academic consultant and the Department. The Department will receive the academic consultant’s salary cost. The University’s share will be a 10 per cent management fee from each project. Salary costs are to be capped at £250 to ensure that those on higher grades retain an equitable share of the day rate.
The consultancy policy is now being revised and updated accordingly.
These changes aim to improve and simplify the University Consultancy Service. The rest of the service remains the same and so you can still use consultancy to demonstrate the impact of your research, enhance your professional reputation and bring in additional income for yourself via payroll or your research incentive scheme account.
You will also still be able to receive full protection from the University’s insurance cover, and assistance with contract negotiations, invoicing, payments and tax. And you will continue to be supported by the Research and Enterprise Office, through your designated Research and Enterprise Manager and the enterprise team.
How the REO can help
The Research and Enterprise Office can help negotiate the consultancy fee, make contractual arrangements and ensure that any Intellectual Property arising from the work is properly protected. By taking on consultancy work through university channels, staff are also provided with the appropriate professional indemnity insurance.
For further information and to discuss consultancy opportunities, please contact:
Benefits of consultancy
Consultancy benefits both individual members of staff and the university in a number of ways:
- It brings financial and career benefits to individual staff.
Consultancy helps to augment the salaries of individual staff, stimulate personal development and broaden careers, and acts as a useful incentive to recruit and retain staff.
- It can benefit students.
Consultancy can provide placement and graduate career opportunities for students.
- It extends the research and knowledge base of the university.
Consultancy often leads to other forms of partnership, including research projects, and increases both the commercial awareness of researchers and the users’ awareness of the university’s expertise.
- It can benefit teaching.
Consultancy can result in current, relevant case study material that enhances teaching.
- It brings benefits to the university.
Consultancy provides useful contacts and marketing opportunities, and enhances the reputation of individual staff, departments and the university