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Peers call for R&D spending target to be pegged to 2019 GDP

Image: Images Money [CC BY 2.0], via Flickr

Concerns that economic downturn caused by Covid-19 could slash money invested in science

Economic uncertainties in the wake of the coronavirus pandemic have triggered calls for the government to set a pre-pandemic baseline on its commitments to raise R&D funding.

A government promise to be investing £22 billion of public money in R&D by 2025, and for the overall public and private investment to reach 2.4 per cent of the GDP by 2027 has been widely welcomed in the sector.

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