Image: Nigel Stead / LSE
Upcoming innovation strategy should include timetable for reaching the target, says Chris Skidmore
The government must set out a “definite timetable” in its upcoming innovation strategy to increase R&D investment to over 3 per cent of GDP and keep up with other innovation-rich countries, former science minister Chris Skidmore has said.
Addressing the annual congress for the Engineering Professors’ Council on 8 June, the Conservative MP said the strategy and the autumn spending review would be “critical” indicators of whether the government will reach its current target to increase R&D investment to 2.4 per cent of GDP by 2027.
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