Policy support for business R&D

Becker, Bettina (2015). Policy support for business R&D. Economic and Social Research Council.

Abstract

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.

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