The annual estimate of R&D expenditure is out and guess what?
Yesterday saw the publication of the 2020 GERD data, or the gross domestic expenditure on research and development in the UK. GERD is a measure from the Office for National Statistics of the total R&D performed and funded by business enterprise, higher education, government, UK Research & Innovation, and private non-profit organisations.
This is the data that is used to determine whether the UK has reached its target of expending 2.4 per cent of GDP on research by 2027. We are still five years off that landmark.