Cancer research provides a good economic return as well as health gains, report saysBMJ 2014; 348 doi: https://doi.org/10.1136/bmj.g3973 (Published 16 June 2014) Cite this as: BMJ 2014;348:g3973
- Nigel Hawkes
Cancer research brings economic as well as health benefits and is a sound investment of public money, a new analysis has claimed.1
Every pound (€1.25; $1.70) invested in cancer research generated an annual return of 40p a year thereafter, the study concluded—easily exceeding the returns demanded by the Treasury. Jonathan Grant of King’s College London, who led the study, said, “This return includes health benefits equivalent to around 10p plus a further 30p which is the best estimate of the ‘spillover’ effect from research to the wider economy.
“An internal rate of return of 40p easily meets the UK government’s minimum threshold of 3.5p per pound for investments, …