R&D election funding pledges put research at heart of UK economy
For the first time both main parties promise to lift investment to 3% of GDP
As the election approaches, the two main parties have both promised to increase R&D to 3% of GDP, although only the Labour party has specified a timeframe. It’s the first time both major parties have committed to such a huge increase in funding in their manifestos and would translate to billions more for science and technology. The total public and private investment in in R&D in the UK currently stands at 1.7% of GDP.