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What role do R&D tax reliefs play in encouraging UK R&D?

By the British Academy, Royal Society, the Royal Academy of Engineering and the Academy of Medical Sciences

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Year
2019

Summary

The UK Government’s Industrial Strategy has committed to increase investment in research and development (R&D) in the UK to 2.4% of GDP by 2027, with a longer-term goal of 3%. Delivering this will need significant increases in investment from both public and private sources.


Government has committed to increase public investment with an additional £7bn over a five-year period. This direct investment alongside various other measures such as the R&D Tax credits scheme can be used to encourage and stimulate further investment by businesses.


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Ongoing

Investing in Research and Development

Publications

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.

How does the UK government invest in R&D?

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.

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