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.
What role do R&D tax reliefs play in encouraging UK R&D?
This document outlines how current tax relief for R&D is offered under R&D tax credits.
Investing in UK R&D
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.