Source · Select Committees · Public Accounts Committee
Recommendation 13
13
Long-term trends of private sector investment in UK R&I remain unavailable due to data limitations.
Conclusion
DSIT and UKRI advised us that private sector investment in UK R&I was £46.7 billion in 2024.27 We asked whether private investment in UK R&I has gone up or down in recent years. DSIT advised that it is going up, but that due to a correction to the ONS data set, the data is only available for a small number of years and a long-term view cannot be provided.28 21 C&AG’s Report, para 11 22 C&AG’s Report, para 1.18 23 Q 66 24 Q 67 25 C&AG’s Report, para 3.8 26 Q 71 27 Q 46 28 Q 48 11
Government Response
A response document is linked to this report, dated 15 October 2025. Response attribution to this conclusion has not been verified. Read the response document ↗