The aspiration for investment in R&D across EU countries to reach 3 per cent. of GDP by 2010 is a challenge for Europe as a whole. But it is not necessarily appropriate for an individual member state.
In the light of UK circumstances, the 10-year Science and Innovation Framework set out a long-term ambition to see the total R&D to GDP ratio in the UK increase to 2.5 per cent. of GDP by 2014. The R&D measure is the Gross Expenditure in Research and Development (GERD), which is the sum of R&D performed in business (BERD) and public expenditure on R&D, by Government Departments and higher education.
The latest available GERD and BERD figures for the UK and the EU are in the following table.
|GERD as per cent of GDP|
|BERD as per cent of GDP|