Research: Private Sector:Written question - 220882

Asked on: 13 February 2019
Department for Business, Energy and Industrial Strategy
Research: Private Sector
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department has a strategy to encourage the private sector to invest more in research and development.
Answered by: Chris Skidmore
Answered on: 20 February 2019

Through our Industrial Strategy we have an ambition to increase total R&D investment to 2.4% of GDP by 2027 and 3% in the longer term. We are working with UK Research and Innovation and other key partners to develop a roadmap that sets out how Government and the private sector will work together to achieve this.

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