Oral Answers to Questions
Debate between Chris Green and Lord Johnson of Marylebone
Tuesday 27th June 2017
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(6 years, 11 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Chris Green (Bolton West) (Con)
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?
The Minister for Universities, Science, Research and Innovation (Joseph Johnson)
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.