University Medical Research Adds PS220m

Article excerpt

CARDIFF University's medical research has created 500 new posts and generated PS220m of external funding into the Welsh economy, an audit shows. Examining the employment and research income generated at Cardiff University's School of Medicine, the audit found some 240 research posts and 260 research training roles have been created as a direct result of attracting competitive research funding. Deputy dean of research at the School of Medicine, Julie Williams, said: "Many people don't realise the benefits that academic research bring to the local economy by attracting and supporting a highly skilled workforce "In an attempt to get a true picture we undertook an audit and uncovered a significant contribution in terms of money brought into Wales and the jobs it creates. It's especially pleasing when you consider that we operate in an increasingly competitive environment with less than 1 in 5 grants actually receiving funding.

"Cardiff researchers have to constantly raise their game to prove their projects can compete with those from similar academic institutes around the UK and worldwide," she added. …