The Higher Education Funding Council for England (HEFCE), Research Councils UK (RCUK) and Universities UK (UUK) have a shared commitment to support and promote a dynamic and internationally competitive research and innovation base that makes an increased and sustainable contribution, both nationally and globally, to economic growth, wellbeing, and the expansion and dissemination of knowledge.
http://www.rcuk.ac.uk/kei/maximising/Pages/Impactstatement.aspx
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