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NCUB’s alarm comes as its analysis finds public spending provides twice the leverage previously thought
The National Centre for Universities and Business has expressed “huge concern” over new data showing a “worrying decline” in R&D investment.
According to the data released by the Office for National Statistics today, total spending on R&D across the UK dropped from 2.97 per cent of GDP in 2020 to 2.77 per cent in 2022, in current prices.
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