Page 118 - Minutes of meeting

The Resilience Challenge

Innovation

A study commissioned by Innovate UK reveals that historically, the Expenditure on R&D by sector of performance (£ million), 2017
amount of IUK funding accessed by North West organisations
(5.8%) is proportionally less than the region’s business base (9.7%) Cumbria North England
and private sector R&D investment (11.8%). The North West could West
have benefited from an additional £86 million in public funding over Business £141 £2,174 £21,469
the past ten years, if the funding secured was on par the region’s

business base. Government - £216* £1,994

With respect to Cumbria, the study notes that the LEP ranks second Higher Education £1 £691 £6,666

to last out of all LEPs in England, both in terms of the proportion of Private Non Profit - £42* £712
IUK funding received and the total award value per business
population. Cumbria’s top funded sectors include parts of the Total £165 £3,040 £30,841
manufacturing sector, scientific research & development and office * Combined figures for North West and North East due to confidentiality disclosure.
administrative, office support & other business support activities.
Patents granted

Consistently with the study’s observations, expenditure on R&D
amounted to £165 million in Cumbria in 2017, which accounts for
only 5% of R&D spent across the North West. Most of that spending

stemmed from the private sector (85%). The share of private sector
expenditure exceeds that observed across the North West (72%)
and England (70%).

Looking at patents data, innovation activity levels in Barrow appear
low. Generally, Barrow accounted for a small share of patents
granted in Cumbria since 2000. However, Barrow’s share peaks in
2008, which is surprising given the supressed levels of innovative
activity between 2008 and 2010 across England.

Source: Planning for a step change, Hatch Regeneris, 2018; Expenditure on R&D, ONS, 2019; Patent data, IPO, 2018