Peer Review of Impact Case Studies
According to Fast Track Impact’s calculations (see: http://www.fasttrackimpact.com/single-post/2017/02/01/How-much-was-an-impact-case-study-worth-in-the-UK-Research-Excellence-Framework for further details), the best impact submissions to REF2014, i.e. those achieving a 4* star narrative case study, had a currency exchange of some £324,000 (£46,300 per year between 2015/16-2021/22). By contrast, a 4* research output was typically valued at between £5,000-£25,000. Generally speaking, impact case studies are thought to be worth around 5 times more than outputs at higher full-time equivalents (FTEs).