Innovation and Research

(asked on 28th July 2020) - View Source

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.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 6th August 2020

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.

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