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Roslin’s annual global impact approaches £20 billion

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Roslin’s annual global impact approaches £20 billion

September 14, 2022

An economic report outlined the Institute’s contribution to the local, national and international economies.

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Research conducted at the Roslin Institute contributes nearly £20 billion annually to the global economy, largely through improved productivity in agriculture and aquaculture, according to an economic analysis.

This figure includes a contribution of nearly £325 million to the British economy, more than £80 million to Scotland and about £50 million to the local economy, according to a report by BiGGAR Economics.

Their report found that Roslin’s business supports more than 1,600 jobs worldwide, including 1,325 in the United Kingdom and more than 1,000 in Scotland.

For every £1 of public money received, Roslin generates £3.40 in Scotland and £13.50 for the United Kingdom.

The authors say the institute is a high-impact organization, succeeding in its goal of enhancing the lives of animals and humans through high-quality research in animal biology.

Triple effect

The BiGGAR Economic Report takes into account the long-term productivity gains from its research along with the economic benefits associated with Roslin’s operating activities and the impact of supporting its business.

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The impact of the research is enabled by the commercialization of the Institute’s essential discoveries through strategic relationships with global genetics and animal health companies.

Roslin creates operating impact through direct turnover and hiring, by local staff and student spending and through spending on physical capital and research infrastructure.

Supporting her business enables the transfer of research and knowledge through her interaction with companies and the training of graduate students.

Expected growth

Taken together, the Roslin Institute’s projected impact by 2024/25 from sector impact, operational support and business is expected to be £52.9 million in Edinburgh and South East Scotland, supporting 923 jobs.

This extends to £91.6 million for Scotland, supporting 1,067 jobs, £382.9 million for the UK, supporting 1,396 jobs, and a global impact of £24.3 billion, supporting 1,711 jobs.

By 2029/30 this impact is expected to increase to £58.9 million for Edinburgh and the local area, supporting 1,015 jobs, to £105.5 million and 1,180 jobs in Scotland, to £449.8 million and 1,609 jobs in the UK, and a global impact Nearly £30 billion, supporting 1,923 jobs.

growth potential

The institute’s impact on the agriculture and aquaculture sectors will continue to be significant, through science-driven gains in productivity using techniques such as genetic selection. This is expected to thrive through the use of applied genomics in aquaculture for disease resistance and performance characteristics.

If overall trends in productivity continue, advances in genomic technologies will continue to pay benefits that could be worth up to £130 million annually by 2030. This would translate into an estimated production impact from agriculture and aquaculture of £37.5 million in Scotland, £300 million for the UK and about £25 billion globally by 2024/25, rising to £44 million, £351 million and about £30 billion by 2029/30.

The planned Easter Bush Agri-Tech Hub, which will bring together world-leading researchers from the Roslin Institute, the University of Edinburgh and other higher education, public and third sector institutions, is expected to generate additional gains in its first 15 years.