Horticulture Australia Limited (HAL) spent approximately $57.25m in 2003/04 on research and development (R&D) projects. All investments, regardless of their nature, require a detailed analysis of their performance to advise investors and key stakeholders (growers and Govt) of the return on investment provided. This document provides a synthesis of the results, findings and outcomes of the triple bottom (TBL) review undertaken by the AEC group to identify the return on investment provided by HAL supported projects.