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Research: Investment

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Question for Department for Business, Energy and Industrial Strategy

UIN 113732, tabled on 28 January 2022

Question

Chi Onwurah
Labour
Newcastle upon Tyne Central
Commons

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much private R&D investment is estimated to be crowded in for each pound of public R&D spend; how that estimate is calculated; and whether that is dependent on (a) geography and (b) sector.

Answer

George Freeman
Conservative
Mid Norfolk
Commons

Answered on

3 February 2022

BEIS published “The relationship between public and private R&D funding” (BEIS Research Paper Number 2020/010) on 1 July 2020 at https://www.gov.uk/government/publications/research-and-development-relationship-between-public-and-private-funding(opens in a new tab) carried out by Oxford Economics Ltd

They estimated the monetary impact of the long-run leverage rate, suggesting that each £1 of public R&D eventually stimulates between £1.96 and £2.34 of private R&D

The study drew on OECD data for 41 countries from 1961 to 2017 with varying degrees of completeness.

Answered by

Department for Business, Energy and Industrial Strategy
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