This article below is a must read-and-share on UK R&D funding. This new CBI/Nexus report summarises what many know already, that the UK lags key economic peers on R&D funding. At this rate won’t come close to reaching its 2.4% of GDP target by 2027. The report, which coincides with the launch of a new Nexus innovation hub at Leeds University, calls on the Government to take specific action to address this. Top of the list in this article is helping companies better exploit available data and analytics for R&D. To add to this, one of the other major issues we know is that not enough companies are being educated enough on how to (and indeed that they are able to) utilise what is on offer, such as R&D tax credits.

Read the article here: https://www.cbi.org.uk/media-centre/articles/uk-will-not-reach-the-government-s-rd-spending-target-until-2053-cbinexus/

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