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Transparency Review and Full Economic Costing

The University is required to submit an annual transparency review (TR) return to HEFCE.  The purpose of the TR return is to demonstrate the full costs of teaching research and other activities in Higher Education and improve the accountability for the use of public funds.

It is also used to calculate the rates estates and indirect rates in full economic costing and for TRAC for teaching which will be used by HEFCE to inform the future funding of teaching.