James Ransom, YU Associate
The contribution of business is vital if the UK is to meet its target of R&D investment reaching 2.4 percent of GDP by 2027. International comparisons suggest that this is an ambitious target, that will be difficult to meet: achieving R&D funding goals is the exception rather than the norm. Adão Carvalho assessed how effective R&D intensity policies were across 45 countries, and found that 84 percent missed their targets. For 17 percent of countries, R&D intensity actually decreased over the period of the target.
