You have outlined typical project costs and the overall funding of c6.5m that has been given over the course of 20+years. But what are the annual running cost estimates – would £1.5m p.a. keep everything ticking over?

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.