Science: Investment

(asked on 16th October 2017) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what progress has been made on creating a roadmap for increasing investment in science to three per cent of gross domestic product in the last 12 months.


This question was answered on 23rd October 2017

This Government has set out its vision to meet R&D investment of 2.4% of GDP within ten years and 3% in the longer-term. We have already increased research and development investment by £4.7 billion over the period 2017-18 to 2020-21. This equates to an extra £2 billion per year by 2020-21 and is an increase of around 20% to total government R&D spending, more than any increase in any parliament since 1979.

We will support business to do more R&D and innovation through our industrial strategy by making sure the wider business environment supports R&D investment and ensuring businesses have access to the skilled people they need to do R&D.

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