Written Question·Department for Science, Innovation and Technology·UIN 12757

Research: Investment Returns

Tabled: 5 November 2024

Answered: 15 November 2024

Question

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

Feryal Clark

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 ...

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