What is the projected annual running cost for the team–you say that grant secured to date meets 20% of your needs, but then go on to say that another £324K is required…that doesn’t quite add up. Does that only reflect salaries/on costs or does that include accommodation etc?

Our current employment costs for the 12-month period from the end of March are approximately £418,000, for which there is a shortfall of £345,000 (as I detailed in my presentation). In addition we need to pay for consumables (some of which are covered by the grants we have been awarded), computing costs and attendance at scientific conferences. So whereas £345,000 is the requirement to retain all the current research team for a year, a figure of £500,000 would place us in a very comfortable position for the next twelve months.