Global Challenges Research Fund: value for money assessment
Findings from the value for money (VfM) assessment of the Global Challenges Research Fund (GCRF).
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This study is part of the five-year evaluation of GCRF (2020 to 2025) that aims to assess whether GCRF鈥檚 realised outputs and achievements are in line with its expected outcomes. 皇冠体育app report is the year 4 value for money (VfM) assessment of GCRF. A final VfM assessment will be published in year 5.
皇冠体育app study assesses the performance of 50 GCRF awards using an innovative, rubric-based instrument. This assessment rubric includes 3 components:
- characteristics of the award
- dimensions and subdimensions
- performance standards, rated on a five-point scale
This report was produced in 2024. 皇冠体育app Global Challenges Research Fund (GCRF) has now closed. Since then, the government has taken the difficult decision to temporarily reduce Official Development Assistance (ODA) to the equivalent of 0.3% of GNI by 2027 to fund an increase in defence spending.鈥使谔逵齛pp government remains committed to international development and to returning ODA to 0.7% of GNI when fiscal conditions allow.