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Health research making an impact the economic and social benefits of HRB funded research
Nason, Edward; Janta, Barbara; Hastings, Gillian; Hanney, Stephen; O’Driscoll, Mairead; Wooding, Steven
The Health Research Board (HRB) has been a key funder of health research in Ireland over the past 21 years. In order to show the effectiveness of its research funding, the HRB has commissioned this payback study of eight grants funded in the early and mid-1990s. The objective was to show how HRB-funded research can lead to economic (and social) benefits for Ireland. Health research in Ireland has undergone seismic changes over the last 20 years. In 1987, HRB funding for health research amounted to €2m with some other support from EU framework grants and Wellcome Trust. By 2007, the HRB budget was €50m, now alongside even more substantial funding from Science Foundation Ireland (SFI) and university infrastructure funding. The HRB funds health research from basic biomedical and clinical research through to Health Services Research (HSR), public health and primary care research. The HRB has a broad mission to improve health and advance the knowledge economy so this report uses a very broad definition of economic impacts. This definition defines an economic impact as “an action or activity that affects the welfare of consumers, the profits of firms and/or the revenue of government” (Warry 2006). Economic impacts can range from monetary ones such as greater wealth, cheaper prices and more revenue, to wider ones, such as the effects on the environment, public health and quality of life.
Publication Date:
Type: Report
Peer-Reviewed: Unknown
Language(s): English
Contributor(s): Health Research Board (HRB)
Institution: Lenus
Publisher(s): Health Research Board (HRB)
First Indexed: 2014-04-02 05:56:21 Last Updated: 2017-04-26 08:58:28