BEIS 2.4% R&D Target Macroeconomic Modelling

Tender description

The final date and time for the submission of bids is 16/08/2018 at 14:00 BST DO NOT apply directly to the buyer. All tender information MUST be submitted through the CCS eSourcing Portal. Brief Description of Requirement The government's ambitious, modern Industrial Strategy sets out a long term plan to boost the productivity and earning power of people throughout the UK. It sets out how we are building a Britain fit for the future - how we will help businesses create better, higher-paying jobs in every part of the United Kingdom with investment in the skills, industries and infrastructure of the future. The Industrial Strategy will boost productivity and earning power across the country by focusing on the five foundations of productivity: Ideas, People, Infrastructure, Business Environment and Places. As part of the ideas foundation of the Industrial Strategy, Government have committed to reach 2.4 per cent of GDP investment in R&D by 2027 and to reach 3 per cent of GDP in the longer term, placing us in the top quartile of OECD countries. Increasing investment in R&D to 2.4% of GDP in a decade is ambitious and will require concerted effort by the government and business. The Industrial Strategy White Paper committed to 2.4% of GDP investment in R&D by 2027 and 3% in the longer term. This research could prove crucial to understanding the benefit of achieving the target, whilst achieving value for money. Outputs will aim to illustrate what the UK economy could look like in 2027 and beyond. The research will focus on the wider benefits of R&D, such as in terms of impact on GDP and productivity. In the area of research and innovation, there is significant theoretical and empirical evidence suggesting R&D acts as a positive stimulus to productivity and therefore to GDP. This research will aim to improve the understanding of the macroeconomic effects of achieving the 2.4% R&D target in 2027. Please ensure you review all attached information to ensure a full understanding of this requirement. All attachments can be found with the RFx attachments tab within the Emptoris System. This contract will be awarded based on the evaluation criteria set out in the ITQ document. How to Apply As part of the strategic alliance between UK Shared Business Services Ltd (UK SBS) and Crown Commercial Service (CCS), UK SBS will be using the CCS eSourcing Suite for this procurement. To register on the CCS eSourcing portal please follow the details contained within the Additional Information section of this notice. If you are already registered on the CCS eSourcing portal and wish to register your interest in this opportunity please email; expressionofinterest@crowncommercial.gov.uk Your email must clearly state: • the name and reference for the procurement you wish to register for; • the name of the registered Bidder; • the name and contact details for the registered individual sending the email.