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Approximately 70% of the IOP's income comes from the research it conducts. Approximately 20% is from clinical work performed for the South London and Maudsley NHS Trust. Approximately 10% of gross income is from taught courses offered to postgraduate students.[5]
Sources include the government's National Institute for Health Research and Higher Education Funding Council for England, grant-giving bodies such as the Medical Research Council (UK) and the Wellcome Trust, as well as other governmental, charitable and private-sector organisations. Individual research teams secure around 130 million of funds for their projects each year. Many projects are carried out in partnership with other university and health services, charities and private companies.[6]
Wesselly and co are funded by the wellcome trust
The IOP and the pharmaceutical company Lundbeck are leading one of the largest ever academic-industry collaborations in research, known as NEWMEDS - Novel Methods leading to New Medications in Depression and Schizophrenia. The project is part of the Innovative Medicines Initiative developed by the European Federation of Pharmaceutical Industries and Associations and the European Commission. NEWMEDS aims to facilitate the development of new psychiatric medications by bringing top scientists and academics together in partnership with nearly every major global drug company.[7]
esearchers seek to understand more, for example, about how a patient’s state of mind can make a difference to how quickly they recover from surgery, or how well they cope with a diagnosis of a chronic disease. The Section also studies, develops and trials treatments for debilitating illnesses that either currently lack medical explanation or involve both body and mind.
The Chronic Fatigue Research and Treatment Unit is jointly run by the Section with King’s College Hospital: this national specialist service undertakes assessment, treatment and research. General Hospital Psychiatry researchers are involved, for example, in the MRC PACE Trial, the largest trial of treatments for Chronic Fatigue Syndrome/ME to date, which is testing the effectiveness of different therapies.
Many of the Section’s members are also part of the King’s Centre for Military Health Research, run jointly by the Division of Psychological Medicine and Psychiatry and the Department of War Studies in the IoP’s sister School of Social Science and Public Policy at King’s College London. Their research includes the health consequences of serving with the UK armed forces and the history of military psychiatry. This work is complemented by ongoing research within the Section concerning the impact of terrorism on ordinary people.
Wesselly is head of this unit but it is a devision of kings funded by the wellcome trust