UK research and Development spending up

Recent statistics from the ONS show that research and development expenditure in the UK rose by £1.6 billion in 2017 – this is good news but there is more to do.

Research and development expenditure rose by £1.6 billion to £34.8 billion in 2017, an increase of 4.8 per cent, above the long-term annual average increase of 4.1 per cent since 1990.

Since 2016 the government has had a Modern Industrial Strategy and committed an additional £7 billion to science and innovation – clear progress towards our target of total R&D spending reaching 2.4 per cent of the economy.

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