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@ Bewildered - Thanks, that's very helpful. The guide also says that "...a less than sufficient first degree may be enhanced by the attainment of a Masters degree" which is a bit confusing. I guess the next step is for me to contact the ESRC.

BSc in computing and an MSc in Technology, Innovation and Entrepreneursip although my dissertation is largely on economics. Hoping to do a Ph.D in the field of entrepreneurship or endogenous growth theory.

I got a 3rd in my undergraduate but I'm looking at having a solid MSc under my belt in the next few months.

Is there any chance I will be able to get funding to do a Ph.D. on the merits of my MSc alone or does my undergraduate grade take me out of the running completely?