Research: Investment Returns
Commons · Question 12757 · Tabled 5 Nov 2024 · Department for Science, Innovation and Technology · Official record
Answered 15 Nov 2024
Question
Asked by Lee Anderson
To ask the Secretary of State for Science, Innovation and Technology, what assessment he has made of the adequacy of the rate of return to public investment in UK R&D.
Answer
Answered by Feryal Clark, 15 Nov 2024
Public R&D generates significant benefits for the UK, with each pound of public R&D investment estimated to leverage, on average, £2 of private R&D investment in the long run. We know businesses grow faster because of public R&D. In the 6 ...