The University’s world-leading medical research has helped created 500 new full-time posts and brought some £220M of external funding into the Welsh economy, an audit has uncovered.
Examining the employment and research income generated at the School of Medicine, the audit found some 240 research posts and 260 research training roles have been created as a direct result of successfully attracting competitive research funding.
"Many people don’t realise the benefits that academic research bring to the local economy by attracting and supporting a highly skilled workforce," according to Julie Williams, Deputy Dean of Research, School of Medicine.
"In an attempt to get a true picture we undertook an audit and uncovered a significant contribution in terms of money brought into Wales and the jobs it creates. It’s especially pleasing when you consider that we operate in an increasingly competitive environment with less than 1 in 5 grants actually receiving funding.
"Cardiff researchers have to constantly raise their game to prove their projects can compete with those from similar academic institutes around the UK and worldwide," she added.
The School of Medicine has attracted more than £220M in research grants over the last five years creating research posts, which offer ambitious graduates attractive career opportunities.†
Many of these go on to achieve full-time academic roles as lecturers and professors within university research environments.
The money has been secured from research funding bodies such as the UK Medical Research Council, charities such as the Wellcome Trust, the European Union and the Welsh Government.† The funding grants are secured by the School of Medicine’s 220 lead scientists who generate the ideas for the research experiments.
Michael Owen, Dean of Research at the School of Medicine added:
"The scale and standard of the body of research represents a massive opportunity for long term recruitment into high level academic posts.