The Government must commit to a three per cent target of GDP of research and development (R&D) spending by 2020 to ensure the UK doesn’t lag behind international competitors, says the Business, Innovation and Skills (BIS) Select Committee in its Business-University Collaboration report published today.
The BIS Committee finds that more than 30 years of under-investment in R&D has left the UK trailing countries such as the USA, Germany and France in science and innovation spending, threatening the opportunities for economic growth offered by the research excellence of the UK’s world class university system. Adrian Bailey, chair of the Business,…
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