Ploughshare Innovations announces results of SQW analysis on the economic and wider benefits of its commercialisation activities

Ploughshare Innovations, the technology commercialisation arm of Defence Science and Technology Laboratory (Dstl), has announced the headline findings from our work on assessing the economic and wider benefits that it has provided to the UK economy.

The latest Ploughshare Economic Prosperity Report, commissioned by Ploughshare and conducted by SQW, shows an increase in the benefits Ploughshare has delivered since the previously published report in 2014.

The economic impacts include:

  • The creation of a maximum of 585 jobs, an increase of 85
  • An increase of 70% in exports from £44 million to £75 million
  • £118 million Gross Value Added (GVA), a measure of goods and services produced, increased by £53 million
  • Spin-out companies have attracted £140 million investment, an increase of £10 million

In addition to the quantitative assessment, the qualitative assessment has evidenced the wider benefits of Ploughshare's activities to both industry and society.

The commercialisation of technologies has contributed to the development of new products for MOD, including advanced vehicle armour, electronic warfare software, and bio and chemical threat detection. In addition to improving UK capability, this also supports UK supply chains. For example, 85% of the suppliers for the vehicle armour product worldwide are UK-based.

Beyond defence, notable applications include portable diagnostic devices to detect viruses, which were trialled in Sierra Leone to support those affected by Ebola.