R&D investment fails to reach Europe 2020 targets

The UK and other European countries are underinvesting in research and development, according to a report from the European Commission

June 19, 2014

Countries are far from reaching their national research and development targets set as part of the Commission’s Europe 2020 growth strategy and this is largely down to a lack of investment from business, according to the report published on 10 June.

The total research and development spend from public and private sources as a proportion of gross domestic product is below 2 per cent in the UK. This is less than the average across the EU, and puts the UK in 12th place when ranked against other European countries in terms of combined spending.

The data, published in the Research and Innovation as a Source of Renewed Growth report, show that among European countries, Finland and Sweden invest the highest amount in all research and development as a proportion of GDP, at around 3.5 per cent. But even in these countries, the level of investment is below that seen in South Korea, which invests 4 per cent.

holly.else@tsleducation.com

Times Higher Education free 30-day trial

You've reached your article limit

Register to continue

Registration is free and only takes a moment. Once registered you can read a total of 6 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments
Register

Have your say

Log in or register to post comments

Featured Jobs

Most Commented

Doctoral study can seem like a 24-7 endeavour, but don't ignore these other opportunities, advise Robert MacIntosh and Kevin O'Gorman

Matthew Brazier illustration (9 February 2017)

How do you defeat Nazis and liars? Focus on the people in earshot, says eminent Holocaust scholar Deborah Lipstadt

Laurel and Hardy sawing a plank of wood

Working with other academics can be tricky so follow some key rules, say Kevin O'Gorman and Robert MacIntosh

Improvement, performance, rankings, success

Phil Baty sets out why the World University Rankings are here to stay – and why that's a good thing

Warwick vice-chancellor Stuart Croft on why his university reluctantly joined the ‘flawed’ teaching excellence framework