Provision of UK Estimates of Investment in Intangible Assets

The core requirements of this project is to produce estimates of Intangible investment in the UK for 2015, replicating the current methodology developed by Goodridge, Haskel and Wallis, Imperial College London (2014). In particular the project should include • Producing annual estimates of intangible asset investment, using current methodology developed by Imperial College London; • Providing a detailed guide of the current methodology to estimate intangible asset investment; • Proposing any key methodological improvements for ONS to incorporate into future development work, in particular in the areas of Entertainment, Literary and Artistic Originals (including the Games industry), and Software and Databases. Current methodology The methodology used to derive the estimates should be consistent with estimates developed by Goodridge, Haskel and Wallis, Imperial College London (2014). This uses a conceptual Upstream-Downstream Framework, as applied in Corrado, Goodridge and Haskel (2011). The measurement approach is designed to be consistent with the UK National Accounts and official measures of output, income and expenditure. Following Corrado, Hulton and Sichel (2005), the categories of assets to be estimated are: • Computerised information and databases (own account software and purchased software) • Innovative property (scientific R&D, R&D in social sciences and humanities, financial product Innovation, Design, Artistic Originals, Mineral Exploration) • Economic Competencies (Branding, Training, Organisational) Further details of the methodology used previously can be found in the following papers. Goodridge, P., J. Haskel, et al. (2012). "UK Innovation Index: productivity and growth in UK industries." Goodridge, P., J. Haskel, et al. (2014) "Estimating UK investment in intangible assets and Intellectual Property Rights" Timing and output ONS expects the project to be carried out in two parts. The first part would be to produce the annual estimates of intangible asset investment and an accompanying written report. The report will present the latest estimates and should include the conceptual and methodological approach taken, data collection and analysis, results and conclusions. The second part would be to produce a detailed guide outlining the measurement framework used and recommendations for methodological improvements. The guide should include information on data sources used and methodological approach for individual assets. This will enable ONS to take forward further development and production of measures of Intangible investment in 2018. The successful bidder will be required to provide progress updates throughout the duration of the project highlighting any key findings or issues that may have a bearing on the project achieving a successful outcome. The BIDDER will also be expected to present their findings at the end of the project at the ONS offices in Newport.

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