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| Alchemy: like getting a research grant, only easier (image: Wellcome CC BY) |
Last week Alex Hulkes, the Economic and Social Research Council’s strategic lead for the insights team, wrote an interesting report on the council’s conversion rate for grants. This is the percentage of fundable grants that it is able to fund. In November he provided a similar analysis of success rates. Taken together, the two reports suggest that while the quality of applications has increased (the proportion of ‘fundable’ applications has risen from roughly one-quarter to half of the total), the success rate is pretty much where it was five years ago.
