This report is the result of consultation that CIHE (now NCUB) undertook for the Higher Education Funding Council for England (HEFCE) of twelve global businesses who invest heavily in research and development in the United Kingdom.

It sets out the views of a group of research directors with research collaborations with over fifty Higher Education Institutions in the UK on how to encourage quality research within the Research Excellence Framework. A key conclusion was that a flexibly-applied new balance between the impact, output and the research environment were key to the impact of research moving forward.