The economic impact of research conducted in Russell Group universities

01 March 2010

This report and film focus on the benefits of university research to new and existing businesses, and shows how that research serves as a platform for economic growth in the UK.

It demonstrates how Russell Group research has brought new knowledge and new perspectives to university-business partnerships, helping businesses to innovate.

Research has informed the education and training of highly-skilled graduates and postgraduates, giving them the qualities which will be needed by UK businesses to stay ahead of the competition.

It has shaped the development of new products and services within UK industry, and helped to improve businesses’ strategy, management, and productivity.

In some cases, often when least expected, research within Russell Group institutions has led to truly world-changing discoveries, offering the potential to revolutionise whole areas of healthcare, technologies, or our society. These breakthroughs have sometimes led to substantial revenues for universities and for the UK economy. A sample of such breakthroughs included in this report generated combined wealth of almost £2 billion.

The economic impact of research conducted in Russell Group universities

This report focuses on the benefits of university research to new and existing businesses, and shows how that research serves as a platform for economic growth in the UK.

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This is the first part in a series on the impact of research from Russell Group universities. You can also read The social impact of research conducted in Russell Group universities (2012) and Engines of growth: The impact of research at Russell Group universities (2015). 

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