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  1. Capital Purchases (Fixed Assets) and Long-Term Revenue Commitments

    Capital expenditure represents funds invested in acquiring, upgrading and constructing fixed assets. A fixed asset is a resource the University controls and from which we can expect to derive future economic benefit for more than one year. Expenditure for any other purpose is revenue.

  2. Concordat to Support the Career Development of Researchers

    The Concordat to Support the Career Development of Researchers, launched in June 2008, is an agreement between funders and employers of researchers in the UK and represents a significant development in national policy to support good management of researchers and their careers.