UK investment in intangible assets: report for NESTA

UK investment in intangible assets: report for NESTA
Document type
Discussion paper
Goodridge, Peter; Haskel, Jonathan; Wallis, Gavin
Imperial College Business School
Date of publication
1 February 2014
Trends: economic, social and technology trends affecting business, Small business & enterprise: the practicalities of running a small business and the theory of entrepreneurship
Business and management
Material type

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This discussion paper provides an update on estimates of the level of UK market sector investment in knowledge assets. The main findings are:

  • In 2011 the UK market sector invested £137.5bn in knowledge assets, compared to £89.8bn in tangible assets.
  • Since the recession of 2008-9, intangible investment has recovered and grew in 2010-11. In contrast investment in tangible assets has been flat.
  • Within intangible investment, the asset categories for which the most investment is observed in 2011 are: workforce training (£33.6bn); organisational change (£25.5bn); and software (£24.3bn).

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