image: Breakdown of monetised impact areas mapped as part of socio-economic report
Credit: Diamond Light Source
Importance of Science to world economies highlighted at ICRI
At prestigious International Science Conference, a socio-economic impact of over £2.6 billion on UK science and economy revealed from UK Synchrotron
Presenting at the prestigious International Conference on Research Infrastructures (ICRI) in Prague, Czech Republic on 19th October, Diamond outlined a cumulative monetised impact to date on UK science and economy of £ 2.6 billion rooted in the delivery of almost 12,000 published journal papers on findings from research carried out at the UK’s synchrotron light source. This compares very favourably with the £1.4 billion investment made in the facility to date. The new figures released today are straight forward updates to the 2021 study by Technopolis using published methodologies where they measured and demonstrated Diamond’s scientific, technological, societal, and economic benefits. The report summarised the findings and the updated figures underline the significant impact Diamond continues to achieve and the fact that the facility still costs less than a cup of coffee per year – as each UK taxpayer contributes only £2.45 a year towards it.
Isabelle Boscaro-Clarke, Head of Impact, comments; “Diamond’s mission is to keep the UK at the forefront of scientific research. We do this by providing our users, in academia and industry, access to our state-of-the-art facilities enabling them to fulfil their research goals across a wide variety of scientific disciplines. The figures speak for themselves. They demonstrate the huge array of benefits the facility has delivered and leading science being achieved by our 14,000 strong global user community, who are tackling some of the most challenging scientific questions of the 21st century.”
By updating the numbers found in the report, this illustrates how Diamond continues to act as an agent of change, addressing challenges such as disease, clean energy, food security and much more. Almost 12,000 scientific articles have been published by Diamond’s users and scientists.
Diamond was set-up as an independent not for profit company through a joint venture, between the UKRI’s Science and Technology Facilities Council and one of the world’s largest biomedical charities, Wellcome – each respectively owning 86% and 14% of the shareholding.
Some of the updates to the updated report include:
- Research Output – almost 12,000 scientific articles have been published by our users and scientists, resulting in a cumulative impact to date of £947 million in terms of the production of research output.
- £589 million in direct benefits to individual users each year through access to beamtime and support – which has been inferred from the fees that users are willing to pay for time and services provided via the proprietary access route to beamtime at Diamond (a technique called ‘stated preferences’).
- £924 million in value through Diamond’s contributions to structures deposited in the world’s Protein Data Bank (PDB) – based on an economic analysis of the likely costs to replicate the archive in 2016 and Diamond’s proportional contribution to this archive.
- Patents – collectively valued at £10.2 billion (in 2018 prices). The exact criticality of Diamond in each case is unknown – but some proportion of this considerable sum can be ‘claimed’ by Diamond. A conservative estimate is around 1%, meaning Diamond’s contribution could be worth at least £103 million.
- Software and applications – An estimated £51.3 million valuation for the software and applications produced at Diamond.
- Training – £8.8 million in training provided through Diamond based on 19,191 days of training across 7,668 attendees in the past five years and commercial rates for similar courses.
- Wider Societal Benefits – over 80,000 visitors reached to date through a programme of engagement supporting the UK Skills’ agenda in science, technology, engineering, and mathematics (STEM). Plus, increased awareness of the value of STEM subjects to everyday lives through many news articles and outreach activities.
- 28 case-studies of breakthrough science achieved at Diamond from the plastic degrading enzyme to the new synthetic vaccine against the Foot-and-Mouth disease virus, as well as academic and industrial use of Diamond, and suppliers of the facility.
Professor Mark Thomson, Executive Chair, UKRI STFC comments: “Diamond Light Source is yet again proving itself to be a powerful asset in our world-leading science campus at the Rutherford Appleton Laboratory. Its exceptional capabilities allow scientists in the UK to carry out impactful research across a vast range of disciplines for the good of society. This report demonstrates the vitally important role of research infrastructure to the UK economy, as Diamond and our other national facilities continue to provide a catalysis for economic growth.”
Tom Collins, Research Lead for Atomic and Molecular Sciences at Wellcome, says: “Diamond delivers world-leading scientific advances through the innovation and excellence of the people who build and operate the synchrotron, in collaboration with the global research community. Diamond’s research has real-world impact that contributes to Wellcome’s mission to solve the most urgent health challenges facing everyone.”
Funded by the UK Government through the Science and Technology Facilities Council (STFC), and by Wellcome, Diamond is one of the most advanced scientific facilities in the world, and its pioneering capabilities are helping to keep the UK at the forefront of scientific research.
For further information please contact Diamond Communications: Lorna Campbell +44 7836 625999 or Isabelle Boscaro-Clarke +44 1235 778130
Editors Notes: A copy of the 2021 report can be found in this link https://doi.org/10.5281/zenodo.4769839
Diamond Light Source: www.diamond.ac.uk Twitter: @DiamondLightSou
Diamond Light Source provides industrial and academic user communities with access to state-of-the-art analytical tools to enable world-changing science. Shaped like a huge ring, it works like a giant microscope, accelerating electrons to near light speeds, to produce a light 10 billion times brighter than the Sun, which is then directed off into 33 laboratories known as ‘beamlines’. In addition to these, Diamond offers access to several integrated laboratories including the world-class Electron Bio-imaging Centre (eBIC) and the Electron Physical Science Imaging Centre (ePSIC).
Diamond serves as an agent of change, addressing 21st century challenges such as disease, clean energy, food security and more. Since operations started, more than 14,000 researchers from both academia and industry have used Diamond to conduct experiments, with the support of approximately 760 world-class staff. Almost 12,000 scientific articles have been published by our users and scientists.
Funded by the UK Government through the Science and Technology Facilities Council (STFC), and by the Wellcome Trust, Diamond is one of the most advanced scientific facilities in the world, and its pioneering capabilities are helping to keep the UK at the forefront of scientific research.
Diamond was set-up as an independent not for profit company through a joint venture, between the UKRI’s Science and Technology Facilities Council and one of the world’s largest biomedical charities, the Wellcome Trust – each respectively owning 86% and 14% of the shareholding.
The 2021 published study can be found here:
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