Olakojo, S (2025) Impact of Innovation Support Delivered through the National Measurement Programme on Business Outcomes: Summary. NPL Report. IEA 29

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Abstract

This study examines the effects of National Measurement System (NMS) and National Physical Laboratory (NPL) innovation interventions on private businesses, focusing on employment growth, earnings, fixed asset expansion, R&D investment and business survival. The study utilises data from the Office for National Statistics Secure Research Service and other external sources spanning 2012 to 2021. It applies various statistical techniques, including Propensity Score Matching, Panel Data analysis, Bootstrapped Quantile Regression, and Kaplan-Meier Survival Estimates. The findings show that NPL’s support led to a 3.0% increase in employment growth and a 5.1% rise in real fixed asset growth among the treated firms compared to comparator untreated businesses. Workers moving to NPL-treated firms experienced a 7.1% wage premium, while R&D investment grew by 5.8% for treated firms with average R&D investment growth. The closure rate, between 2012 and 2021, was 14.8% among the non-treated matched control group while no closure was observed among the treated firms. The results indicate that NPL support boosts workers’ earnings and business survival, fosters employment and fixed asset growth, and increases R&D spending in firms with moderate R&D growth.

Item Type:	Report/Guide (NPL Report)
NPL Report No.:	IEA 29
Divisions:	Strategy Directorate
Identification number/DOI:	10.47120/npl.IEA29
Last Modified:	04 Apr 2025 13:32
URI:	https://eprintspublications.npl.co.uk/id/eprint/10152