Oral Answers to Questions

Chris Green Excerpts
Tuesday 27th June 2017

(7 years, 5 months ago)

Commons Chamber
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John Bercow Portrait Mr Speaker
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Order. We are very short of time. We need to speed up.

Chris Green Portrait Chris Green (Bolton West) (Con)
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T8. 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?

Lord Johnson of Marylebone Portrait The Minister for Universities, Science, Research and Innovation (Joseph Johnson)
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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.