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

Most Commented

United Nations peace keeper

Understanding the unwritten rules of graduate study is vital if you want to get the most from your PhD supervision, say Kevin O'Gorman and Robert MacIntosh

David Parkins Christmas illustration (22 December 2016)

A Dickensian tale, set in today’s university

Eleanor Shakespeare illustration (5 January 2017)

Fixing problems in the academic job market by reducing the number of PhDs would homogenise the sector, argues Tom Cutterham

poi, circus

Kate Riegle van West had to battle to bring her circus life and her academic life together

man with frozen beard, Lake Louise, Canada

Australia also makes gains in list of most attractive English-speaking nations as US slips