Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 9 July to Question 273388 and with reference to the 2015 report of the Department for Business, Innovation and Skills entitled Research and development: relationship between public and private investment, whether his Department has conducted further analysis since the publication of that report on the finding that an extra £1 of public funding would give rise to an increase in private funding of between £1.13 and £1.60.

The 2015 report was commissioned and published by BEIS, and considered during the 2015 Spending Review, together with other evidence and analysis. It provides the most recent published assessment of leverage rates between public and private sector R&D.

The Department is committed to continuously improving and developing a robust R&D evidence base across the Department and its partner organisations, such as UKRI.

New research on R&D that meets the professional standards for analysis in Government is published on Gov.UK. Best practices in quality assurance are essential to ensure that partners and the public can have trust in Government analysis.