Research: Investment
(asked on 17th December 2024) - View Source
Question to the Department for Science, Innovation & Technology:
To ask the Secretary of State for Science, Innovation and Technology, if he will make an estimate of the total value of investment made in research and development in the (a) public and (b) private sector in each of the last five years.
Answered by
Feryal Clark
Parliamentary Under Secretary of State (Department for Science, Innovation and Technology)
This question was answered on 27th December 2024
The Office for National Statistics routinely publishes official statistics on Gross Expenditure on Research & Development (GERD), including breakdowns of expenditure by sector. These statistics show the total value of R&D performed, for each of the past five years for which data is available (2018 – 2022), was:
| 2018 | 2019 | 2020 | 2021 | 2022 | |
| (a) Public (Government inc. UKRI) | 2,604 | 2,662 | 3,080 | 3,366 | 3,619 |
| (b) Private (Business Enterprise + Private Non-Profit) | 41,775 | 43,007 | 44,893 | 47,902 | 50,802 |
Current prices (£m)