It is becoming increasingly important for Rural RDCs to continually monitor and evaluate the returns from RD&E investment, as government and industry require greater transparency and accountability of RD&E funds.

In addition to FRDC’s Statutory Funding Agreement requirements for valuing return on investment and use in its Annual Reports, impact assessments of FRDC’s RD&E investments are needed to inform:
– Future investment decisions
– CRRDC’s overall performance review of impact generated by RDCs
– Levy payers and government of the performance of investments.

GHD understands that the project will comprise two key components:
– An economic impact assessment of up to 20 research projects for the three-year period FY23/24, 24/25, and 25/26
– An individual and aggregated report of all assessed projects at the completion of assessments.

GHD notes that within this period the first five assessments for FY23/24 are required by June 2024 with the remainder of the projects, i.e. 10, due in September 2024. These assessments are required to be consistent with the CRRDC Guidelines for Impact Assessments. FRDC RD&E projects are to be assessed annually to meet Statutory Funding Agreement (SFA) requirements for valuing return on investment for use in FRDC’s Annual Reports and performance of FRDC’s investments.
In conducting the impact assessment project it will be important to note that one of FRDC’s key responsibilities is to ensure that research to assist management of fisheries and aquaculture resources is being undertaken to maintain ongoing sustainability. While the primary focus of these benefit-cost analyses over time has been economic impact, with references to environmental and social implications where appropriate, FRDC is increasingly interested in understanding the impact of R&D investments on environmental, social, and economic aspects more holistically.

FRDC recently co-funded a cross-commodity project on Designing the integration of extension into research project (James, 2022), which sought to improve adoption of outcomes from RD&E project. At the conclusion of this report, recommendations for Phase 2 were made, and these included several focused on developing and trailing different learning approaches for knowledge transfer. Understanding learning approaches required for different topics and cohorts is an essential next step to improve practical outcomes associated with development, change, and adoption processes. This project represents an opportunity for FRDC to build on this initial investment and generate new knowledge on the connection between learning approaches and knowledge transfer to enhance the fisheries and aquaculture sector’s capability and capacity for adaptability and change.

A systematic review of the literature on the topics of adult learning, knowledge transfer, and transformational change will identify and evaluate relevant findings for the fisheries and aquaculture sector. These will be further ground-truthed through extensive stakeholder consultation within (a) wild catch organisations, (b) aquaculture organisations, and (c) through the wider industry knowledge network (e.g. extension officers and research teams). A compilation of informal and formal learning and development opportunities in fishing and aquaculture within organisations and in the wider industry will be analysed, and case studies of best practice identified, analysed and showcased as examples of successful change, adoption, skill development and shift in mindset.

These evidence-based context-specific insights will be translated into a guide, tool or micro-credential for best practice in designing and delivering knowledge transfer and practice change activities. The usefulness and ease of use of this resource will be tested in a workshop with FRDC extension professionals and other interested stakeholders, refined and then introduced to the fisheries and aquaculture community for application to learning and training in organisations and throughout the wider industry. It is expected that the findings of this project will have implications for the project Capability and capacity: Navigating leadership pathways in fishing in aquaculture, in particular insights on how learning approaches for the topic area of non-technical skills development (e.g. communication, team effectiveness, career self-management, problem-solving, strategic thinking and foresight) occur within organisations that may prove to be the start of the leadership pathway for people within fisheries and aquaculture, and if done effectively may widen and diversity the talent pipeline into mid to high leadership level development opportunities.

This project has been designed with a 12-month timeline, with options to scale down if required by FRDC.