How can data be improved to assess the distribution of public investment in R&D and understand which businesses perform R&D, where and on what?
Background
The Industrial Strategy aims to spur national productivity growth, strengthen the UK’s economic security and resilience, and support the UK’s environmental and net zero transition. It aims to achieve this by increasing business investment in capital and innovation, attracting foreign investment, and increasing business dynamism in the IS-8 sectors.
These sectors contain the UK’s frontier industries that sit at the leading edge of innovation and have the greatest potential for future competitiveness and technological development. By prioritising these frontier industries, the strategy targets the parts of the economy most capable of driving innovation and supporting major transitions such as AI adoption and net zero.
Next steps
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Research fields
Related UKRI funded projects
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Promoting the roles of R&D service firms in the innovation system
R&D service firms offer specialised R&D services to other parts of the economy. They are a key source of external knowledge for other businesses. Firms operating in the UK R&D service sector rose from 2,642 i...
Funded by: ESRC
Lead research organisation: University of Manchester
Why might this be relevant?
The project focuses on R&D service firms, their innovation process, and their role in the UK economy, directly addressing the question.
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Big Science Beyond Science: the Innovation Impact of Research Infrastructure Procurement
Context Scientific research now requires higher R&D efforts and larger teams with access to sophisticated, costly equipment, often too expensive for individual institutions or countries. For this reason, Large Resear...
Funded by: ESRC
Lead research organisation: London School of Economics and Political Science
Why might this be relevant?
The project discusses the wider innovation impacts of Research Infrastructures (RIs) procurement, which is related to understanding businesses performing R&D, but does not fully address the question.
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Innovation and Productivity Grand Challenge
The UK is strong in scientific, technological and engineering research. It has a vibrant economy enabling small and large firms to flourish. But it suffers an enduring productivity gap compared with industrial activities...
Funded by: EPSRC
Lead research organisation: Imperial College London
Why might this be relevant?
The project focuses on the Innovation and Productivity Grand Challenge, which is related to improving industrial performance and innovation processes, partially addressing the question.