Physics and the economy

The importance of physics-based businesses to the economy.

Articles

 

February 2019

January 2019

December 2018

  • It takes an interdisciplinary team effort to commercialize research, with scientists, IP professionals and business development experts all part of the mix. Joe McEntee reports.

Physics is central to the UK economy. Whether through the application of novel research and technologies, or through the skills and abilities of physics-trained workers, physics drives businesses and innovation. The Institute has commissioned a series of reports from Deloitte to investigate the employment opportunities and economic value physics-based businesses deliver across the UK and Ireland.

What is a physics-based business?
Physics-based businesses are those businesses for which the use of physics is critical to their existence. Therefore, the employment of physicists is not necessary, but the application of physics-dependant knowledge and technology is. Further information regarding the criteria used to identify physics-based businesses can be found in the annex of each report.

 

Reports

 

healthofphotonics_pic

Health of Phototonics Report, May 2018.

How light-based technologies are solving industry challenges, and how they can be harnessed to impact future economic growth

Read or download the report

The role of physics in supporting economic growth and national productivity, October 2017

This report examines the contribution and importance of physics to the UK economy, through the lens of the industries that rely on physics for their existence, and how these industries play an important role in enhancing productivity, boosting economic growth and increasing prosperity. The analysis spans the period 2011–13 with some additional data from 2014 and 2015.

Download the full report.

Download the summary.

The role of physics in supporting economic growth and national productivity in Wales, April 2017

This report examines the contribution and importance of physics to the economy of Wales, through the lens of the industries that rely on physics for their existence, and how these industries play an important role in enhancing productivity, boosting economic growth and increasing prosperity. The analysis spans the period 2011–13 with some additional data from 2014 and 2015.

English version

Welsh version

The role of physics in supporting economic growth and national productivity in Northern Ireland, Feb 2017

This report examines the contribution and importance of physics to the economy of Northern Ireland, through the lens of the industries that rely on physics for their existence, and how these industries play an important role in enhancing productivity, boosting economic growth and increasing prosperity. The analysis spans the period 2011–13 with some additional data from 2014 and 2015.

Download the report

The role of physics in supporting economic growth and national productivity in Ireland, Jan 2017

The work presented here from the Centre for Economic and Business Research is the most comprehensive analysis of the role of physics in growth and productivity in Ireland ever undertaken. And it shows something that we always suspected: physics is not just the source of inventions and ideas, but also the means by which Ireland’s economic future can be secured.

Download the report

 

The role of physics in supporting economic growth and national productivity in Scotland, Jan 2017

The work presented here from the Centre for Economic and Business Research is the most comprehensive analysis yet undertaken of the role of physics in growth and productivity in Scotland. It demonstrates something that we always suspected: physics is not just the source of inventions and ideas, but also the means by which the country’s economic future can be secured.

Download the report

The health of physics in UK food manufacturing, Oct 2016

This report, part of an ongoing collaboration between the IOP and partners, looks at the role of physics in enabling global competitiveness and productivity in food manufacturing.

Download the report

 

The IOP also has reports from 2007 on physics and the economy.



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