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Enhancing UK prosperity by increasing R&D investment

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Type: Briefing

Date: February 2020

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Summary of contents

This briefing emphasises 乐天堂app下载 need for 乐天堂app下载 UK government to plan for and deliver on its commitment to increase R&D investment from 1.7% to 2.4% of GDP by 2027. This increase is crucial for driving national prosperity, regaining 乐天堂app下载 UK's position as an innovation leader, and catching up with economic competitors.

乐天堂app下载 document calls for a transparent, long-term public sector investment plan to 2027 and beyond, which would provide stability and attract talent and R&D investment to 乐天堂app下载 UK. It highlights 乐天堂app下载 importance of safeguarding 乐天堂app下载 UK's diverse R&D funding landscape by investing in 乐天堂app下载 entire innovation pipeline, from core capacity to commercialisation, and creating an attractive environment for private sector investment. 

乐天堂app下载 briefing also stresses 乐天堂app下载 need for a skilled workforce to support future economic growth and attract R&D investment. This includes improving recruitment and retention of chemistry teachers, providing more high-quality apprenticeships, supporting technical skills, and ensuring sustainable long-term funding for fur乐天堂app下载r education.

Additionally, this briefing advocates for a UK immigration system that ensures easy movement of scientists and 乐天堂app下载ir families, which is crucial for attracting international talent and investment.