Question to the Department for Business, Energy and Industrial Strategy:
To ask Her Majesty's Government when they expect the UK to meet the OECD average for gross domestic expenditure on research and development.
On 1 July, the Government published its ambitious research and development (R&D) roadmap. This builds on the ambitious commitment set out at Budget to increase public spending in R&D to £22 billion per year by 2024 to 2025, putting the UK on track to reach 2.4% of GDP, the current OECD average, being spent on R&D across the UK economy by 2027. We will set out details of this historic investment in due course, giving researchers and innovators confidence through our long-term investment.