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answering dept short name	Business%2C Energy and Industrial Strategy
answer › question first answered	2022-02-03T13:48:30.36Z
hansard heading	Research: Investment
max answer › question first answered	2022-12-21T13:09:37.91Z

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

tabling member


label

1417630

registered interest

date

28/01/2022

answering body

Department for Business, Energy and Industrial Strategy

answering dept id

201

answering dept short name

Business, Energy and Industrial Strategy

answering dept sort name

Business, Energy and Industrial Strategy

hansard heading

Research: Investment

house id

legislature

25259

pref label	House of Commons

question text

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much private R&D investment is estimated to be crowded in for each pound of public R&D spend; how that estimate is calculated; and whether that is dependent on (a) geography and (b) sector.

tabling member constituency

Newcastle upon Tyne Central

tabling member printed

Chi Onwurah

uin

113732

answer

is ministerial correction

date of answer

03/02/2022

answer text

BEIS published “The relationship between public and private R&D funding” (BEIS Research Paper Number 2020/010) on 1 July 2020 at <a href="https://www.gov.uk/government/publications/research-and-development-relationship-between-public-and-private-funding(opens%20in%20a%20new%20tab)" target="_blank">https://www.gov.uk/government/publications/research-and-development-relationship-between-public-and-private-funding(opens in a new tab)</a> carried out by Oxford Economics Ltd They estimated the monetary impact of the long-run leverage rate, suggesting that each £1 of public R&D eventually stimulates between £1.96 and £2.34 of private R&DThe study drew on OECD data for 41 countries from 1961 to 2017 with varying degrees of completeness.

answering member constituency

Mid Norfolk

answering member printed

George Freeman

question first answered

03/02/2022 13:48:30

answering member

4020

label	Biography information for George Freeman

tabling member

4124

label	Biography information for Chi Onwurah