Assessing the economic returns of engineering research and postgraduate training (PDF)
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This evaluation by Technopolis analyses the economic return to the resources made available for engineering research and related postgraduate training in the UK.
Some of the key findings include:
- engineering substantially contributes to UK economic output
- high concentrations of engineers are linked with innovation and competitiveness
- the UK invests around £10 billion to £12 billion in engineering research each year
- UK engineering research is world-class, and it translates into tangible economic benefits
- engineering research attracts substantial inward investments
- engineering research plays a key role in informing policy and providing solutions that lead to high social impact, nationally and globally.