Every £1 invested in medical research delivers a return equivalent to 25p every year, forever

This study shows that funding research into these conditions not only delivers direct health benefits to patients, it is also hugely beneficial to the UK economy, helping to lay the foundations for a healthier, wealthier future.“This report supports previous findings that investing in biomedical research delivers an annual return of about 25 pence per pound in perpetuity, offering an indisputable economic benefit. This new figure ably illustrates why scientific research has earnt its place at the heart of a modern industrial strategy.”Dr Louise Wood, Director of Science, Research and Evidence, Department of Health, said:“When this study was launched, we said that it was our ambition to make the NHS among the best in Europe in supporting people with long-term conditions such as arthritis and musculoskeletal conditions, and that we must ensure we are using research funds as well as possible to facilitate this. The findings from this study demonstrate convincingly the value of research funded by government and charities in securing improved quality of life outcomes for patients and in delivering wider economic benefits”.Professor Jonathan Grant, Professor of Public Policy at the Policy Institute, King’s College London said:“This study shows that publicly and charitably funded research into musculoskeletal disease in the UK generated significant health gains over a 20-year period, improving lives and delivering substantial economic benefits in ...
Source: Arthritis Research UK - Category: Rheumatology Source Type: news