UK investment in R&D plunges in blow to ‘science superpower’ plan
by Richard Partington Economics correspondent from on (#655MK)
IPPR says extra 62bn a year needed to match global leader Israel after sharp decline since 2014
Britain's plan to become a post-Brexit science and technology superpower" has suffered a significant setback after a fall in research and development investment of almost a fifth since 2014, according to a report.
The Institute for Public Policy Research said the UK's share of global investment in R&D projects - including in health and life sciences - had fallen sharply from 4.2% eight years ago to 3.4% in 2019 immediately before the Covid pandemic struck.
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