Some Dutch ‘top sectors’ fail to attract private sector R&D cash

Photo: Depositphotos.com
Photo: Depositphotos.com

Government and public sector institutions have put millions of euros into stimulating nine key economic sectors but four of these have failed to generate similar investment from the private sector, the Financieele Dagblad says on Thursday.

While the high tech materials sector – which includes chip machinery maker ASML – has generated large amounts of private sector investment, market gardening, the creative industries, logistics and chemicals & energy have not, the paper says.

The Dutch government has earmarked nine sectors which it considers to be key to the economy for special R&D investment. No specific targets were set for private sector involvement but the FD says its research shows that some sectors are not attracting equal additional funding.

For example, the government has put €26m into stimulating the development of the creative industries in the Netherlands, but only €9m has come from the private sector. Logistics firms have invested €23m, compared with €31m from the taxpayer.

By contrast, high tech materials has attracted three times as much private sector investment as money from the government, the paper says.

VVD parliamentarian Michiel van Veen told the FD the research shows that some companies are worried about working together with government and public sector institutes.

Parliament is due to debate the top sector strategy later on Thursday.

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