Research and innovation are powerful drivers of economic competitiveness. The Government has a target to raise the total amount of money (private and public) invested in R&D to 2.4% of GDP by 2027.
To accomplish this, Government has committed to increasing the amount that it invests to £22bn by 2024/25 (from £10bn in 2018), to direct research funds to overcome industrial challenges of global significance, and to work with industry to lever in and stimulate private sector R&D investment.
Our productivity, research and innovation services
RSM can offer policy support at every stage of the research and innovation process. Our work has covered reviews of funding for basic research, evaluating university strategies to engage with businesses and the wider public sector, research into commercialisation of intellectual property, and evaluations of programmes to accelerate the development of innovative ideas, support and scale-up innovative businesses, and deploy new products, services and processes in the marketplace.
We use proven mixed method approaches and experienced teams to deliver:
- Policy and programme evaluation: we evaluate the outcomes and impacts of funded initiatives to spur research and innovation in order to determine if the original objectives have been achieved; and
- Qualitative and quantitative research: we explore the UK research and innovation environment to discover the barriers to growth and areas where public sector intervention may be necessary to overcome market failures.
Our team and experience
Our specialist team of researchers, evaluators and statisticians utilise a variety of methods to deliver results to our clients, and have a strong track record in this sector including providing consultancy to the following organisations:
- Department for Business, Energy and Industrial Strategy: research into issues around the commercialisation of university intellectual property.
- Higher Education Funding Council for England (HEFCE) replaced by the Office for Students, but with HEFCE's research funding functions reassigned to UK Research and Innovation. Reporting on the state of the English university knowledge exchange landscape.
- Department for Digital, Culture, Media and Sport: evidencing the cost of the UK Government's proposed regulatory interventions for consumer ‘Internet of Things’ products.
- UK Research and Innovation: Evaluating two Industrial Strategy Challenge Funds – ‘Digital security by design’ and ‘Low cost nuclear”.
- Research England (part of UKRI): exploring how HEIs manage their formula-based funding within the dual support system.
Examples of our work in the productivity, research and innovation sector
Below are links to reports we have provided to this sector:
- supporting research for DCMS consultation on cyber security of consumer smart products: view report
- commercialisation of university intellectual property: view report
- the state of the English university knowledge exchange landscape: view report
To find out more about how our team can provide you with the evidence base you need to inform future decision making in one of the UK’s most important sources of global competitive advantage, please contact Jenny Irwin.