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The impact of the COVID-19 pandemic on the level and distribution of intangibles investment in the UK

Harris, R. and Moffat, J. (2022) 'The impact of the COVID-19 pandemic on the level and distribution of intangibles investment in the UK.', Applied economics letters., 29 (13). pp. 1238-1242.


This paper investigates trends in intangibles investment since the onset of the COVID-19 pandemic in the United Kingdom. Responses from an online survey show that investment in R&D has dropped substantially for many firms but that over 40% of firms increased their ICT investment, which is likely to reflect the need to facilitate remote working and customer engagement. Industry is a major predictor of the change in intangibles investment. This is consistent with expectations in light of the different effect that measures to contain the pandemic have had across industries.

Item Type:Article
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Publisher statement:© 2021 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Date accepted:07 July 2021
Date deposited:13 July 2021
Date of first online publication:20 July 2021
Date first made open access:05 August 2021

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