9.2 Progress in key indicators
Progress has been varied with increasing levels of activity in investment, R&D and innovation pillars of the KEI. However,
these improvements have yet to feed through to the core metrics.
TABLE 9.1 Summary of Knowledge Economy indicators Previous Year
Latest Data
Regional Ranking
Progress since last year (ranking)
Year
Sources
KE employment, as % of total employment
4.2%
KE businesses, as % of total business stock
4.2%
4.3%
11
2013
COE/BRES
4.4%
12
2012
IDBR
KE Business start ups per 100,000 population*
16
16
12
2012
IDBR/NOMIS
Science and Tech’ employees average wage level
£27,608
£25,475
12
2013
Labour Force Survey
Investment Activity
Previous Year
Latest Data
Regional Ranking
Progress since last year (ranking)
Year
Sources
No. of private equity and VC investments (no. of companies)
17
38
10
x2
2012
BVCA, IVCA, InvestNI
No. of private equity inv’ per 100,000 VAT registered businesses
30
67
2
x3
2012
BVCA, IVCA, InvestNI
No. of venture capital inv’ per 100,000 VAT registered businesses
25
63
2
x1
2012
BVCA, IVCA, InvestNI
Amount of VC investment, £M
£21
£4
12
x8
2012
BVCA, IVCA, InvestNI
No. of M&A and ECM deals per 100,000 VAT registered businesses
71
113
11
x1
2013
Experian Corpfin
£248
£282
10*
2014
London Stock Exchange
Previous Year
Latest Data
Regional Ranking
Progress since last year (ranking)
Year
Sources
R&D as % of workplace based GVA
1.8%
2.0%
5
x2
2012
UK R&D Survey
Business Expenditure on R&D as % of workplace GVA
1.2%
1.4%
5
x2
2012
UK R&D Survey
R&D personnel as % of total employment
1.0%
1.4%
11
x2
2011
Eurostat
No. of PhDs per million inhabitants
282
314
6
x2
2012/13
HEIDI
HEI Research grants and contracts per 1,000 population
£44.8
£44.4
10
2012/13
HEIDI
No. of science and tech’ graduates (NVQ Level 4+) as % of workforce
9.0%
7.7%
11
2013
Labour Force Survey
Previous Year
Latest Data
Regional Ranking
Progress since last year (ranking)
Year
Sources
40.0%
40.0%
12
2010-12
DETI UK Innovation Survey
No. of patent applications per million inhabitant (to EPO)
33
20
6
x6
2011
OECD
No. of high technology patents per million inhabitant (to EPO)
15
7
6
x6
2011
OECD
No. of patent applications filed per million inhabitant (to UK IPO)
146
137
11
2013
UK IPO
No. of patents granted per million inhabitant (to UK IPO)
49
41
12
2013
UK IPO
Knowledge Economy - Core characteristics (CONNECT definition)
Public listed companies: Market capitalisation per head R&D Activity
Innovation and Patent Activity % of firms stating that they are innovation active
Note: * London Stock Exchanges definition of UK regions includes 10 rather than 12 regions.
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