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<p>The Government has made significant progress in delivering our Industrial Strategy
commitments. Through the Industrial Strategy, the Government has committed to increasing
overall investment in R&D to 2.4% of GDP by 2027 and 3% in the longer term.</p><p>In
order to reach the 2.4% R&D target, we need to continue to attract, retain and
develop research talent. This is why the government is investing in talent programmes
delivered by the National Academies and UK Research and Innovation (UKRI).</p><p>The
Government has increased its investments in PhDs to support the delivery of this target
and the Industrial Strategy Grand Challenges including:</p><ul><li>In 2017, we announced
funding of £300m over four years to increase the number of PhDs and fellowship programmes
which will develop research talent and attract the brightest minds to the UK.</li><li>In
April 2018, we announced a sector deal between government and industry that will put
the UK at the forefront of the AI industry. As part of this, UKRI has invested £100m
in 16 Centres for Doctoral Training (CDTs) to support 1000 new AI PhDs.</li></ul><p>Alongside
this, UKRI invests in CDTs more broadly, including the recent £446m investment in
75 CDTs across the engineering and physical sciences.</p>
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