Written Question·Department for Science, Innovation and Technology·UIN 13227
Research: Finance
Tabled: 8 November 2024
Answered: 15 November 2024
Question
Lee Anderson
Reform UK — Ashfield
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
Feryal ClarkPublic 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...
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