Independent report finds TSB Feasibility Studies deliver the goods

Reading glasses on pile of files

An independent report examining the results of 325 Technology Strategy Board Feasibility Study projects has demonstrated the effectiveness of the funding. Over 90%of the participating businesses believed the projects achieved their technical goals, and over 70% of the supported businesses said that the TSB’s support was essential for the delivery of their projects. A Cost Benefit Ratio (CBR) calculation of the public investment indicates that £1 of grant has already produced £1.75 of additional Research & Development spending which will grow to £2.70 as the projects continue over the next few years.

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