This document outlines how current tax relief for R&D is offered under R&D tax credits.
Research and Development Investment
The British Academy's work on R&D investment, jointly delivered with the other National Academies.
There is broad consensus across the political spectrum to increase total investment in UK research and development (R&D). The Government has committed to meet a target of 2.4% of GDP invested in UK R&D within ten years, and a longer-term goal of 3%. This page contains the British Academy's work on R&D investment jointly delivered with the other National Academies, namely the Royal Society, the Royal Academy of Engineering and the Academy of Medical Sciences.
This document outlines the current investment landscape, why a 3% target is important for the UK and factors that should be considered to deliver it.
An overview of some of the structures by which the UK government allocates public funding for R&D in the UK, as outlined in the science budget
The British Academy’s policy and research work is dedicated to applying that insight to policy issues for public benefit and societal wellbeing.