Department for Business, Energy and Industrial Strategy written question – answered at on 24 April 2018.
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department has conducted an economic assessment of the value of early-phase research including the inward investment generated by early phase trials; and if he will make a statement.
The Industrial Strategy White Paper sets out the central role of science in meeting the UK’s productivity challenge.
The UK economy gets a high rate of return for our investment in Science – 20% per annum in perpetuity. The UK research base is highly productive in terms of article and citation outputs per researcher and per pound spent on R&D. With only 0.9% of the global population, 4.1% of researchers, the UK accounts for 6.3% of research articles, 10.7% of citations and 15.2% of the most highly-cited research articles.
Yes0 people think so
No0 people think not
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