'From Investment to Outcomes': Capabilities to Deliver Purposeful Public Investment in Research. HEPI Policy Note 69
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| Title: | 'From Investment to Outcomes': Capabilities to Deliver Purposeful Public Investment in Research. HEPI Policy Note 69 |
|---|---|
| Language: | English |
| Authors: | Sarah Chaytor, Grace Gottlieb, Higher Education Policy Institute (HEPI) (United Kingdom) |
| Source: | Higher Education Policy Institute. 2026. |
| Availability: | Higher Education Policy Institute. 99 Banbury Road, Oxford, OX26JX, UK. Tel: +44-1865-284450; Fax: +44-1865-284449; e-mail: info@hepi.ac.uk; Web site: http://www.hepi.ac.uk |
| Peer Reviewed: | N |
| Page Count: | 8 |
| Publication Date: | 2026 |
| Document Type: | Reports - Descriptive |
| Education Level: | Higher Education Postsecondary Education |
| Descriptors: | Research and Development, Public Support, Financial Support, Foreign Countries, Universities, Government (Administrative Body) |
| Geographic Terms: | United Kingdom |
| Abstract: | The benefits of public investment in R&D are well established. Successive governments have placed emphasis on the importance of R&D for economic growth as well as wider prosperity. The Department for Science, Innovation and Technology (DSIT) estimate that £1 of civil public R&D investment generates £8 in net economic benefits for the UK over the long term. The current Government's 'number one mission' of economic growth includes an Industrial Strategy that will see £86 billion of R&D investment in eight key sectors leverage private investment to drive growth. This sits alongside an R&D Missions Programme to address specific challenges relevant to the Government's five national missions. Meanwhile, the specific purpose of the Government's 2025 "Science and Technology Framework" is to 'improve lives for citizens in every part of the UK'. Research in publicly-funded institutions not only enables the advancement of human knowledge as an end in itself, but also derisks novel areas of research, fuelling the pipeline of innovations and catalysing private sector investment. It generates social benefits such as: improved human and planetary health; technological innovations; and contributions to culture. Additionally, it provides avenues for global engagement, driving international collaborations, supporting science diplomacy and attracting talent and foreign direct investment. This report considers how to maximise the potential of public spending on research. |
| Abstractor: | ERIC |
| Entry Date: | 2026 |
| Access URL: | https://www.hepi.ac.uk/reports/from-investment-to-outcomes-capabilities-to-deliver-purposeful-public-investment-in-research/ |
| Accession Number: | ED679092 |
| Database: | ERIC |
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