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<p>We are committed to raising investment in research and development to 2.4% of GDP
by 2027 as part of the Industrial Strategy. As a first step, we are increasing public
investment in research and development (R&D) from around £9.5bn last year to around
£12.5bn in 2021/22 – increasing public R&D spending as a share of GDP each year
and making a total increase of £7bn over five years. This will be the biggest ever
increase in public funding of R&D. In 2018, we will publish a roadmap that sets
out how Government and industry will work together to reach the 2.4% target by 2027.</p><p>
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