§ Mr. Bowis
To ask the Chancellor of the Duchy of Lancaster what procedures exist for estimating the rate of return on Government-funded research and development, and what are the latest estimates for(a) aerospace, (b) electronic engineering, (c) mechanical engineering, (d) nuclear power and (e) chemical industry.
§ Mr. Butcher
There are procedures for evaluating the net benefits of Government-funded research and development. They rarely provide estimates of rates of return and are not generally available by industrial sector. The annual review of Government-funded R and D reports the evaluations undertaken by Departments.