What measures can the construction industry be taking now to increase it's R&D expenditure sufficiently to meet the UK government's stated target?

Asked 1 year ago

2021-08-06 07:13:33

An interesting article by Pinsent Masons Legal Director Penny Simmons prompts the question of what should the industry be doing now, or doing more of, if the UK government's stated target of increasing total investment in R&D to 2.4% of GDP by 2027 is to be achieved.
According to the ONS, R&D expenditure grew by just 0.02% to 1.74% of UK GDP in 2019.
Boosting innovation and increasing investment in R&D is at the centre of the UK government’s post Covid-19 recovery strategy and at current projected growth rates, total investment in R&D would only reach 1.9% of GDP by 2027.
https://www.pinsentmasons.com/out-law/news/lacklustre-rd-expenditure-statistics-cause-concern-says-tax-expert

Steve Hardy
Steve Hardy
Director at Steve Hardy Consulting Ltd

Asked on Fri, Aug 6, 2021 7:13 AM

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