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Some Reflections on European Collaboration in Research

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H2020 c<strong>on</strong>cerns<br />

• L<strong>on</strong>g term f<strong>in</strong>ancial susta<strong>in</strong>ability<br />

– FP7 Southampt<strong>on</strong> used ‘simplified <strong>in</strong>direct’ – closer to<br />

meet<strong>in</strong>g our full ec<strong>on</strong>omic cost (FEC) than FP6, but still<br />

a shortfall<br />

– H2020 – even at 100% reimbursement rate and<br />

<strong>in</strong>clusi<strong>on</strong> of VAT, the 100+20% model will recover less<br />

of our costs<br />

• Exclusi<strong>on</strong> – loss of access to excellence<br />

– H2020 f<strong>in</strong>ance model likely to prevent us from<br />

participati<strong>on</strong> <strong>in</strong> projects at

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