Research: Finance

Department for Business, Energy and Industrial Strategy written question – answered on 8th February 2019.

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Photo of Henry Smith Henry Smith Conservative, Crawley

To ask the Secretary of State for Business, Energy and Industrial Strategy what comparative assessment he has made of trends in the level of spending on research and development in the (a) UK and (b) EU member states.

Photo of Chris Skidmore Chris Skidmore Vice-Chair, Conservative Party, Minister of State (Department for Business, Energy and Industrial Strategy) (Universities and Science) (Joint with the Department for Education)

The Government is increasing public R&D spending by £7 billion by 2022, this is the largest increase on record.

The department regularly assesses comparative levels of R&D expenditure in the UK and EU member states.

The latest ONS data estimates that overall gross R&D expenditure in the UK was £33.1bn in 2016, which was 1.7% of GDP in that year. The latest OECD international comparison of R&D expenditure ranked the UK 10th among EU member states, with overall gross R&D expenditure in the EU28 estimated at 1.9% of GDP in 2016. More details can be found here http://oe.cd/msti

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