Research: Finance

Trade and Industry written question – answered on 13th March 2007.

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Photo of Stewart Jackson Stewart Jackson Conservative, Peterborough

To ask the Secretary of State for Trade and Industry what progress has been made on achieving the European Union target of three per cent. of GDP being allocated to research and development investment by 2010; and if he will make a statement.

Photo of Malcolm Wicks Malcolm Wicks Minister of State (Science and Innovation), Department of Trade and Industry

holding answer 12 March 2007

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
2003 2004
United Kingdom 1.8 1.7
EU25 1.8 1.8
EU15 1.9 1.9
BERD as per cent of GDP
2003 2004 2005
United Kingdom 1.1 1.1 1.1
EU25 1.1 1.1 1.1
EU15 1.2 1.2 1.2

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