A report commissioned by The Campaign for Science and Engineering (CaSE) provides quantitative economic evidence that Government funding in science and engineering can boost growth in the economy.
The report states that for every £1 spent by the UK government on R&D, the private sector R&D output rises by 20p.
The report was written by Prof. J.Haskel of Imperial College Business School, and Prof. A. Hughes and E. Bascavusoglu-Moreau, both of the University of Cambridge.