Outcomes of 2011 Institute Assessment Exercise
We provide strategic funding to eight institutes, which deliver innovative, world-class bioscience research and training, aligned with our strategic priorities, generating high returns for the UK economy.
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We are committed to the rigorous assessment of all our major investments. As the strategically funded institutes account for a significant proportion of our total research investment, it is essential to ensure that they continue to have the capacity to produce excellent, strategically relevant research, that they are managed appropriately, and that they provide value for money. The assessment informs our future funding decisions and enables us to comply with government policy. We carry out the Institute Assessment Exercise (IAE) every five years.
As part of our on-going monitoring of strategic funding to institutes, we carried out a mid-term review during the latter part of 2014. Brief details of this exercise are published below.