Science: Finance

Department for Business, Energy and Industrial Strategy written question – answered on 29th November 2018.

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Photo of Chi Onwurah 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, if he will make it his policy to introduce a long-term funding plan for science.

Photo of Sam Gyimah Sam Gyimah Minister of State (Business, Energy and Industrial Strategy) (Higher Education), Minister of State (Education)

The Government has a long-term funding plan for science. We are increasing public R&D spending by £7bn over 5 years, and we are working with UK Research and Innovation and other key partners to develop a roadmap that sets out how government and industry will work together to reach our target of increasing R&D investment to 2.4% of GDP by 2027.

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