Research: Expenditure

(asked on 4th December 2024) - View Source

Question to the Department for Science, Innovation & Technology:

To ask His Majesty's Government what is the total UK spend on research and development as a percentage of gross domestic product; where the UK ranks against the other OECD nations in this regard; and what is their target for increasing the level by the end of this Parliament.


Answered by
Lord Vallance of Balham Portrait
Lord Vallance of Balham
Minister of State (Department for Science, Innovation and Technology)
This question was answered on 18th December 2024

Office for National Statistics figures show that the UK spent 2.77% of its GDP on research and development in 2022, placing it 11th amongst OECD countries. The trajectory for public spending on R&D from 2026/27 onward will be set at the Spending Review next year. The Government is focused on ensuring that public investment in R&D drives effective growth outcomes, including growing private sector R&D investment.

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