Due diligence risk approach and policy

Our Risk Approach

Due diligence provides a way to mitigate potential risks (financial and reputational), share good practice and have assurance that all partners have the capacity and expertise to undertake the planned activities.  For research, the risk approach falls broadly into three areas: Governance and Control, Ability to Deliver and Financial Stability (UKRI Guidelines)

Governance and control  Ability to deliver  Financial stability 
Governance  Past Performance  Financial Viability 
Fraud, bribery, corruption,
money laundering and slavery 
Staff capacity and capability (number, track record)  Financial Management, e.g. experience of finance team and segregation of duties 
Internal controls  Infrastructure and programme management for research  Strength of audit, internal and external 
Risk Management  Monitoring and management  Value for money 
Ethics Training  Policies, procedures and systems – incl. IT systems 
Assurance Processes  Equality and Diversity  Separate bank account
Research Governance  Data Management  Income from other sources – diversity of income streams  
Scientific Misconduct  Openness and Publications
transparency 
 

Our Due Diligence Policy

We ensure an appropriate and proportionate approach. The process steps for diligence checks are detailed within the REO Due Diligence Policy and Process document (.pdf)

We follow the UKRI's current guidance on due diligence checks.

Important resources and documents 

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Get in touch
Dr Devon Wybrow-Miller Research Governance and Planning Officer (Due Diligence)
Clayton Welsh Research Governance and Planning Officer (Due Diligence)