UK ‘set to miss’ its 2.4 per cent R&D spending target

GDP growth and watering-down of investments mean target will not be met, Case modelling shows

The government has been told to “redouble” its efforts to maintain business confidence, as new modelling suggests it will not meet its commitment to increase R&D investment to 2.4 per cent of GDP by 2027.

According to projections published by the Campaign for Science and Engineering (Case), the UK’s research intensity will reach 2.33 per cent by 2027—just shy of the government’s target.