Research: Finance
Commons · Question 13227 · Tabled 8 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 potential impact of public sector funding for research and development on private sector investment in research.
Answer
Answered by Feryal Clark, 15 Nov 2024
Public Sector funding for research and development has been found to leverage additional private investment in R&D. Each pound of public R&D investment is estimated to leverage, on average, £2 of private R&D investment in the long run and some...