R&D uplift 'bold' and 'will require concerted effort', says Mark Walport, Chief Executive of UK Research & Innovation
Welcoming the Prime Minister’s announcement that the Government will work with industry to boost spending on R&D to 2.4 per cent of GDP by 2027, Sir Mark Walport, Chief Executive designate of UK Research and Innovation said:
“I am delighted that the Government has set this ambitious target to increase both public and private R&D spending. Only by taking bold steps like this can we make sure that the UK maintains its world leading status in research and innovation.
“Meeting this commitment will require a concerted effort. UK Research and Innovation is already developing ideas as part of the industrial strategy to make sure these investments have the greatest possible impact. We will continue to work with Government, industry and academia to make this goal a reality, helping to drive up productivity and improve living standards.”