Public and charity spending on medical research in the UK stimulates the private sector to spend more on R&D, not less. Each pound of public funding leads to an additional 99 pence investment from the private sector.
Apr 27, 2016 The RAND Blog
Publicly funded R&D investment is a coherent policy to support long term economic growth. Our only note of caution is about how far and how fast that growth can be delivered because the evidence we have is out of date and skewed towards the experience of just one country, write Jonathan Grant and Jon Sussex.
Nov 29, 2011 Research Fortnight