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United Kingdom · Question · Written question

UIN 29744

Research: Finance

Original

answeredUnited Kingdom· UK Parliament· EN

Introduced

6 February 2025

Last action

24 February 2025 · Answer

Status

Answered

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Discovery layer

Source updated

24 February 2025

Summary

To ask the Secretary of State for Science, Innovation and Technology, what steps he is taking to incentivise R&D investment in the United Kingdom.

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Timeline

  1. 6 February 2025

    Written question

    To ask the Secretary of State for Science, Innovation and Technology, what steps he is taking to incentivise R&D investment in the United Kingdom.

    Source: Commons

  2. 24 February 2025

    Answer

    R&D investment in the UK is 2.8% of GDP, ahead of the OECD average of 2.7%. To further incentivise R&D investment, we are supporting innovators with a record £20.4 billion in R&D spending for 2025/26, which on average leverages £2 of private R...

    Source: Written answer

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