The Medical Research Council (MRC) will invest £20m capital funding (£5M to come to UCL) in the establishment of a UK health informatics research institute, to be known as the Farr Institute. The Institute will add to an existing investment by charities, Research Councils and Government.
This investment will support the safe use of patient and research data for medical research across all diseases. The Institute’s independent research will support innovation in the public sector and industry leading to advances in preventative medicine, improvements in NHS care and better development of commercial drugs and diagnostics. It will also provide new insights into the understanding of causes of ill health which in turn will guide new biomedical research discovery. In addition to health benefits for patients and UK citizens, the Institute will help to cement the UK’s reputation as a world leader in research using large electronic health data.