Economic impact advisory board

The STFC EIAB was created in July 2008. Its goal is to support Council in the delivery of the maximum economic impact from the programme alongside the work of Science Board in identifying the highest priority science opportunities for the Council.

Impact is defined in the categories established by DBIS: new businesses; new products, processes and services; skilled people; inward investment; and impact on policy and public services. It is about benefit to the UK as a whole.

Terms of Reference

1. provide strategic advice to the STFC Council and the Chief Executive on how it can best achieve the objective of delivering greater economic impact from its investments
2. provide advice to Council on criteria for selecting projects and areas of science based on their economic impact alongside their scientific impact
3. provide, through cross-membership or networking, links into key organisations whose primary focus is to increase the economic impact from the UK’s science and engineering base
4. provide independent advice on possible business models for taking forward commercial initiatives of the STFC
5. regularly review and advise on the implementation plans for the execution of the Council’s Economic Impact Strategy through the Council’s Delivery and Operating Plans, and the specific plans of the separate Directorates and the Science and Innovation Campuses, and on the definition and measurement of targets and outcomes for the resulting impacts
6. regularly monitor delivery against agreed targets and advise on changes in policy or processes which might further increase economic impact. As approved by Council on 24 February 2009

Membership

• Phil Kaziewicz, GI Partners, Chair and lead member on STFC Council for EI
• Trevor Cross, E2V Technologies
• Jonathan Flint, Oxford Instruments
• John Murphy, BAE Systems
• Allyson Reed, Technology Strategy Board