| answer text |
<p>Business expenditure on R&D (BERD) demonstrates the amount of R&D performed
by UK businesses, and is the nearest for private sector investment. In 2020, the regions
of Greater London, the East of England, and South East of England accounted for 55%
of total UK BERD. Since 2010, BERD outside these regions has ranged from 45% - 49%,
peaking at 49% in 2016.</p><p> </p><p>The Levelling Up White Paper sets out how we
will maximise the contribution of innovation to levelling up. This includes a new
goal that domestic public investment in R&D outside the Greater South East will
increase by at least one third over the Spending Review period and at least 40 percent
by 2030, with that additional government funding seeking to leverage at least twice
as much private sector investment over the long term to stimulate innovation and productivity
growth.</p><p> </p><p>BEIS has published a R&D spatial data tool (<a href="https://www"
target="_blank">https://www</a>.gov.uk/guidance/access-research-and-development-spatial-data)
which allows users to access, visualise and compare indicators that show the scale
of R&D systems at a subregional level over time. This includes metrics that proxy
for private R&D and innovation and can be reviewed for all UK regions.</p>
|
|
