Value charities’ contribution to UK success in life sciences
Charities are valuable funders of research in the UK.
Medical research charities contribute approximately one third of all public expenditure on medical and research in the UK.
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Medical research brings huge economic benefits – for each pound invested by the taxpayer or charity donor into cardiovascular disease and mental health research, a stream of benefits is produced equivalent to earning 39 pence and 37 pence respectively each year ‘in perpetuity’.
Medical Research: What's it worth? UK Evaluation Forum; 2008
More info from the Wellcome Trust»
Many charities are part of innovative research partnerships and collaborations. They can be powerful catalysts, bringing people together across the medical research sector to tackle important and challenging research goals.
'A £1 increase in UK government or charity spending on medical research could lead to an increase in private research spending from the pharmaceutical industry of between £2.20 and £5.10.'
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The Office for Life Sciences' aim is to market the UK life sciences industry to encourage long-term investment.
Charities are key contributors to the strength of this sector and actively collaborate with other funders.
Office for Life Sciences»
The MND Association funds a fellowship scheme in collaboration with the Medical Research Council, supporting researchers investigating causes and treatments for motor neurone disease.
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AMRC members are involved in more than 100 partnerships with other public funders, universities, NHS trusts and commercial organisations.
In our Ways & means project we are mapping collaborations and partnerships across the sector.
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AMRC membership is a mark of quality, an important sign for those entering partnerships with our members.
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Collaborations between charities and industry offer mutual benefits. AMRC works jointly with industry to develop better partnerships and ensure the value of these collaborations is realised.
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Co-funding and collaborative partnerships can sustain research funding in a changing economic climate. 29% of AMRC members responding to a survey on the impact of the recession have entered into such partnerships in the last six months.
Charity research in the recession»
Charities dedicated to research in particular diseases can take a long-term view and direct funding into areas that offer great potential benefits for patients but struggle to attract investment.
This funding can be vital in helping get innovative ideas off the ground that will both help patients and bring huge economic benefits to the UK.
RNID helps companies spot commercial opportunities in the hearing research field.
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If we could delay the onset of dementia by five years, it would be equivalent to a 50% reduction in new cases each year, considerably reducing healthcare costs.
Alzheimer's Research Trust is working to increase investment in dementia research.
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