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