The Impact of Public Support for Innovation on Firm Outcomes

This document assesses the effectiveness of UK public support for innovation on the performance of firms, specifically examining survival rates, employment, and turnover. The policy's objective is to boost economic performance at the firm level through various means such as grants and specialized services. The evaluation method involves propensity score matching and difference-in-differences estimation to compare supported firms with similar ones that did not receive support. The findings show that public support positively influences firm survival, especially for younger firms, and has generally favorable effects on employment and turnover, with older firms benefiting more in these aspects. The study calls for further research to refine the analysis and suggests that innovation is crucial for economic growth, with public policy playing a key role in supporting private sector innovation. However, the study also notes potential biases and the complexity of accounting for all factors that affect outcomes, advising caution in interpreting the results. **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: UK Research and Innovation
• Evaluation types: Impact evaluation
• Impact methods: Quasi-experimental method
• Quasi-experimental methods: Matching
• 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: March 2017

Evaluation Costs

• Cost: Not provided

Evaluation sharing

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