Research and development (R&D) has a well-documented positive impact on growth and productivity; private and spillover R&D benefits to the UK economy are estimated at £9.8 billion annually. Governments increasingly recognise the benefits of supporting private R&D investment, but with constrained public spending the available funds have to be targeted effectively.
|Type||ESRC Evidence Briefing, Enterprise Research Centre|
|Number of pages||2|
|Publication status||Published - Feb 2015|