Impact study: NIAB research delivers 18 fold return to the wider UK economy
An independent assessment of the value of research taking place at crop science organisation NIAB has revealed an 18-fold return on investment to the wider UK economy.
The economic impact report, by Donald Webb of Brookdale Consulting, concluded that for every £1 spent on research at NIAB, at least £17.60 is returned to the UK economy through improved production efficiency, economic growth, import substitution, export earnings and inward investment.