Research: Expenditure

Department for Business, Energy and Industrial Strategy written question – answered at on 18 December 2020.

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Photo of Chi Onwurah Chi Onwurah Shadow Minister (Business, Energy and Industrial Strategy), Shadow Minister (Digital, Culture, Media and Sport), Shadow Minister (Science, Research and Innovation)

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the Government plans to change its 2.4 per cent of GDP R&D spending target in response to falling GDP.

Photo of Amanda Solloway Amanda Solloway Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

No, we do not plan to change the 2.4% target and remain committed to increasing UK investment in R&D to 2.4% of GDP by 2027.

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