Department for Business, Energy and Industrial Strategy written question – answered at on 29 November 2018.
Chi Onwurah
Shadow Minister (Department for Business, Energy and Industrial Strategy) (Industrial Strategy)
To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the accuracy of the estimate made by the Campaign for Science and Engineering that R&D funding will require an additional £9 billion a year by 2027 to meet the target of 2.4 per cent of GDP investment across the economy by that year.
Sam Gyimah
Minister of State (Business, Energy and Industrial Strategy) (Higher Education), Minister of State (Education)
The Government welcomes the contribution of organisations such as the Campaign for Science and Engineering to the public debate.
The CaSE estimates set out a possible scenario for moving towards the 2.4% R&D ambition; though there are a number of assumptions and uncertainties in any such assessment.
The figures presented by CaSE also highlight the role that increased private sector investment will need to play in meeting this challenge, and we are working with industry on our roadmap to meet the target.
Yes0 people think so
No1 person thinks not
Would you like to ask a question like this yourself? Use our Freedom of Information site.
Secretary of State was originally the title given to the two officials who conducted the Royal Correspondence under Elizabeth I. Now it is the title held by some of the more important Government Ministers, for example the Secretary of State for Foreign Affairs.
