UCL Institute for Innovation and Public Purpose



The Biscay Economic Activity Review project (BEAR) is a research collaboration between the UCL Institute for Innovation and Public Purpose (IIPP) and the Biscay Government, based in Bilbao, Spain.

About the project

The BEAR project will comprise of research and policy analysis to support the Biscay Government towards their ambition to launch a world-first Sustainable Development Goals-oriented tax system.

IIPP will work closely with the team to develop not only the economic framing of the new fiscal policy, but to bring a wider public value lens to economic growth in the Basque region of Northern Spain.

This project draws on several strands of IIPP’s path-breaking thought leadership and research – rethinking the role of the state, transforming institutions and rethinking the role of value and capitalism in the 21st century. In the current COVID-19 landscape, this work becomes even more vital for an inclusive, green and sustainable economic recovery for the region.

The project is named ‘BEAR’ due to the relevance of several words in the Basque language that start with ‘BER’: berdea, meaning green, berrikuntza, meaning innovation and berezia, meaning unique.