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

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 8 December 2020 to Question 124750 on Research: Public Expenditure, whether the Government has targets for increasing R&D investment year on year to meet its target of spending 2.4 per cent of GDP on R&D by 2027.

In the Spending Review last month, my Rt hon Friend Mr Chancellor of the Exchequer said that to cement the UK’s future as a scientific superpower and drive economic growth, the government is investing £14.6 billion in R&D in 2021/22. It will be important to stimulate private sector investment and support public services to get the most out of our excellent research base and to achieve the 2.4% target.