Research: Finance

(asked on 21st February 2018) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much the UK has invested in research and development as a percentage of GDP in each year since 2010.


Answered by
Sam Gyimah Portrait
Sam Gyimah
This question was answered on 1st March 2018

The Office for National Statistics (ONS) provides annual estimates of Gross Expenditure on R&D (GERD) as a percentage of Gross Domestic Product (GDP) for the UK. This is the preferred measure of R&D activity by international standards, as defined in the Frascati Manual 2015 (see: http://www.oecd.org/publications/frascati-manual-2015-9789264239012-en.htm). The latest data covers the period 2010 to 2015, this shows that GERD as a percentage of GDP has increased from 1.64% in 2010, to 1.68% in 2015. Further information can be found here: https://www.ons.gov.uk/economy/governmentpublicsectorandtaxes/researchanddevelopmentexpenditure/datasets/governmentexpenditureonresearchanddevelopment

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