News: July 2018

Older people helping to grow the Welsh economy

With more people living and working in Wales past the age of 65 years, the contribution that they make to the Welsh economy is growing.

So say health economists from the Centre for Health Economics and Medicines Evaluation (CHEME) at Bangor University in their report Living well for longer: The economic argument for investing in the health and wellbeing of older people in Wales launched today (30 July 2018).

Publication date: 30 July 2018

Codi’r To music project brings harmony to homes and social value to schools and communites

An economic evaluation of the value of Sistema Cymru - Codi’r To, a musical initiative in two schools in Gwynedd, reveals that the value of the project extends far beyond the playing of musical instruments and has brought a greater harmony to many of the households involved.

The Social Return on Investment (SROI) analysis conducted by Bangor University’s Centre for Health Economics & Medicines Evaluation (CHEME) placed monetary values on all aspects of the benefits deriving from Codi’r To activities with pupils in the two schools and found that every £1 spent generates a social value return of £6.69.

Publication date: 10 July 2018