Since 2004, NCRIS has enabled a wealth of research excellence, making it both headline worthy and a critical pillar of the Australian economy. Leading economists agree. A recent report presents their powerful economic findings.
A number of research infrastructure organisations from the NCRIS community commissioned Lateral Economics (LE) to assess the positive impacts of NCRIS for Australian society and the environment. The report has identified ways in which NCRIS funding has and will continue to support the Australian community and economy.
It found that the direct benefit of investment in NCRIS is calculated to be at least a $7.50 return for every $1 invested, a return on investment (ROI) of 7.5:1. The report notes that by 2022–23 the investment could support the employment of an additional 1,750 scientific and technical staff, support staff, and supply chain and industry staff. These benefits, along with others outlined in the report, indicate the significant impact NCRIS has made on Australia’s economic security. The report concludes:
“Based on economic theory and evidence from the time of the GFC to present, we can think of few approaches to providing additional stimulus to the Australian economy that are more cost effective than increasing investment in NCRIS.”
The impact of NCRIS is clear, although the program itself is not often centre stage. From supercomputers and microscopes, to data collection and software platforms, NCRIS provides the infrastructure that supports Australia’s scientists.
The result is a network of world-class research facilities that are driving innovation and research in Australia and internationally. This network is made up of 22 NCRIS projects, which link over 200 institutions employing more than 1,900 highly skilled researchers and technical experts. This interconnected infrastructure and the specialist teams that run NCRIS programs allow Australia to meet the key challenges outlined in the UN Sustainability Goals and tackle some of the biggest scientific and societal challenges we face today.
Microscopy Australia is one of several facilities, along with National Imaging Facility, ANSTO and the Australian National Fabrication Facility (ANFF) that underpin a wide variety of these challenges by enabling researchers to make breakthroughs in diverse disciplines such as medicine, ecology, agriculture, defence, space and advanced manufacturing. Data generated from all this research across a wide range of scales also needs to be stored, curated, managed and analysed. ARDC, Pawsey Supercomputing Centre and the National Computational Infrastructure exist for just this purpose. Below are some examples of how some of the more specific facilities contribute:
Current global challenges have proven the ability of science to respond and to break new ground when faced with a novel challenge. The fact we have vaccines a year into a global pandemic is testament to this. The ability to respond quickly and skillfully requires infrastructure and teamwork. The challenges are numerous and Australia has, through NCRIS, been building its scientific capability. A flow-on effect of this is that investment in NCRIS has also resulted in a stronger and more resilient economy. The Lateral Economics report noted that:
“The economic impact analysis has revealed that NCRIS stimulus has contributed to supporting the economy during the GFC and the current COVID-19 pandemic.”
National Collaborative Research Infrastructure (NCRIS) spending and economic growth by Lateral Economics, 2021
February 9, 2022
