£1,400 per month is £16,800 per year.

16800 / 52 (weeks per year) / 40 (hours per week) is £8.08 per hour.

Current minimum wage is £6.31 per hour. That would be £13,124.80 per year.

I would want:

1) Rock solid in-writing offer of the 44k

2) excellent working conditions

I'd also want to know what happens if they don't get the funding.

EDIT: Remote work: are they paying for the Internet connection? Or electricity used? Or helping guide you through the tax / insurance complications? (See, eg, http://www.voa.gov.uk/corporate/Publications/workingFromHome... )

EDIT2: Not that this means much, but £16,800 is $28520. The figure is probably gross, before tax and national insurance.

EDIT3: After tax, maybe £14,378.72 per year, £1,198.23 per month, £276.51 per week. From http://www.listentotaxman.com/index.php