Scoping pilot and impact evaluations of the new innovation finance products

This document describes an evaluation of new innovation finance products, including loans and equity offerings, designed to enhance business innovation. The evaluation employs a range of methods such as scoping, pilot, and impact evaluations, incorporating logic models and theories of change to address the complexities of innovation. Results highlight the need for understanding firm diversity and innovation cycles, and suggest that these financial products generally have a positive effect on R&D expenditure. Challenges like technical failures and the non-linear nature of innovation are noted, but such failures are also seen as knowledge-building opportunities. The document emphasizes the importance of continuous monitoring and data collection to assess the long-term impact on innovation behavior and business performance. Overall, the evaluation supports the effectiveness of these products in promoting innovation and growth, while also providing insights for future policy refinement. **This summary was written by an AI model and therefore should not be considered a definitive summary of the report. If you are aware of inaccuracies, please email evaluation.registry@cabinetoffice.gov.uk.**

Description

• Lead department: Department for Business, Energy & Industrial Strategy
• Evaluation stage: A complete evaluation report
• Other departments: No other departments listed
• Evaluation types: Impact evaluation; Process evaluation
• Impact methods: Randomised control trial (RCT)
• RCT methods: No RCT methods listed
• Process methods: Individual interviews
• Grant information: This intervention is not distributing funding via a grant
• Government Major Project information: This intervention is not a major project
• Policies: No policies provided

Event Dates

• Event Name: Publication of final results
• Event date: December 2017

Evaluation Costs

• Cost: Not provided

Evaluation sharing

• Link(s) to published report(s): Yes
• Links to evaluation plans: No link provided
• Links to published evaluations (DEBUGGING): No final report link found.
• Findings: Not provided
• Permission to share confirmed: Yes