The balance of R&D and innovation funding

UK Research & Innovation (UKRI) is working with the Government to develop a plan for how best to meet the Government’s target for the UK to increase investment in research and development (R&D) to 2.4% of GDP by 2027, and by 3% in the future. UKRI is also examining “what constitutes reasonable balance” of R&D funding. Against this background, the Science and Technology Committee has launched an inquiry on the ‘balance and effectiveness of research and innovation spending’.

Read the consultation response YU submitted to the House of Commons Science and Technology Select Committee here.

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