Investing in UK R&D
by the British Academy, Royal Society, the Royal Academy of Engineering and the Academy of Medical Sciences
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 by 2027, and a longerterm goal of 3%.
Increasing overall investment is the target. To deliver this, the UK’s Industrial Strategy will need to create a vibrant environment that fosters research and innovation throughout UK public services, universities and businesses, and attracts global investment, incentivising companies to locate their R&D here. Only by doing this will we improve the health and wealth of the nation.