Oral Answers to Questions Debate
Full Debate: Read Full DebateChris Green
Main Page: Chris Green (Conservative - Bolton West)Department Debates - View all Chris Green's debates with the Department for Business, Energy and Industrial Strategy
(7 years, 10 months ago)
Commons ChamberT8. Our emerging technology and universities sectors welcomed our manifesto commitment to increase R and D spending from 1.7% to 2.4% of GDP, but it was not in the Queen’s Speech, so what has happened to that commitment?
Fear not, Mr Speaker, legislation is not required to deliver on that commitment. It remains a priority for the Government and for the delivery of our industrial strategy. We want to get to 2.4% of GDP for our R and D spend, and we have a longer-term ambition of 3% after that.