(a) Define the term "borrowing costs" and explain the accounting treatment of such costs which is required by international standard IAS23.
(b) During the year to 31 December 2017, a company started work on the construction of a manufacturing plant and incurred expenditure as follows: 

                                                                                    £000

1 April 2017............................................................1,500
1 August 2017....................................................... 2,400
1 December 2017.................................................. 1,800

All of these payments were made out of general borrowings. Construction work was still underway at 31 December 2017. The company had the following general borrowings outstanding throughout the year 2017.

	Amount of loan	Interest for the year
	£000	£000
Loan A	10,000	1,150
Loan B	8,000	720
Loan C	5,000	430

Calculate the amount of borrowing costs that should be capitalised in relation to the construction of the manufacturing plant during the year.