1. Economic Impact - Why? Stakeholder Inputs EPSRC bid for continued funding Government Spending Review Various Impacts Money for Engineering and Physical Sciences

2. Economic Impact – Aims: NOT to change the type of research To encourage you to think about the potential impact of your research at the time of planning it `Impact` does not equal `applied` `Impact` does not equal `industry`

3. Economic Impact - Research Council Description: The demonstrable contribution that excellent research makes to society and the economy. Impact embraces all the extremely diverse ways in which research-related knowledge and skills benefit individuals, organisations and nations by: fostering global economic performance, and specifically the economic competitiveness of the United Kingdom increasing the effectiveness of public services and policy, and enhancing quality of life, health and creative output

4. What does that mean?

5. Impact When? 0 – 5 Years5 - 10 Years10 - 20 Years20- 50 Years

6. Economic Impact Case Studies Researchers from the Electrical and Electronic Engineering Department at the University of Bristol have developed a new breast screening device utilising radio waves Potential to provide quicker and safer breast screening Benefitting healthcare practitioners and patients 0 – 2 Years Route to impact  Collaboration with NHS / Spin Out

7. Economic Impact Case Studies UK Materials Scientists at the Cambridge Centre for Gallium Nitride are developing cheaper ways to manufacture low energy LEDs to help penetrate office and home markets Potential to produce cheaper and more environmentally friendly light bulbs Benefitting business, consumers and the environment 2 – 5 Years Route to impact  Industrial collaboration

8. Economic Impact Case Studies UK chemists are working on ways to utilise quorum sensing – the way bacteria talk to each other – to battle infection. It could lead to better treatments for conditions such as cystic fibrosis, self cleaning surfaces in hospitals and improved paints for treating the hulls of ships. Benefiting patients, healthcare professionals, business and consumers. 5 – 10 Years Route to impact  Papers and publications

9. Economic Impact Case Studies Graphene – the world’s thinnest material at just one atom thick – was discovered by a team at the University of Manchester in 2004. The breakthrough proved the existence of a material many believed could not exist. It has already radically advanced scientific knowledge and within 10 to 20 years, it could revolutionise electronics from computers to mobile phones. Benefiting researchers, business and consumers 10 – 20 Years Route to impact  2 new centres