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 investing £22 billion in R&D by 2024 – 25 as part of a target of 2.4% of GDP by 2027, and 3% in the longer-term.
A wide-ranging R&D roadmap has been published to help shape and deliver this agenda. To deliver an overall increase in R&D investment, the UK needs to foster research and innovation throughout public services, universities and businesses, and attract global investment, incentivising companies to locate their R&D here. Only by doing this will we enable research and innovation to help improve the health and wealth of the country.
Page updated 6 January 2021.