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<p>The Government has increased spending on R&D in the last five years.</p><p>Table
3 of the ONS statistical bulletin “UK Government expenditure on science, engineering
and technology 2016” gives the following figures for total UK Government net expenditure
on R&D, including indicative UK contributions to EU R&D, of</p><p> </p><table><tbody><tr><td><p>
</p></td><td><p> </p></td><td><p> </p></td><td><p><strong> </strong></p></td><td><p>£
million</p></td></tr><tr><td><p>2012</p></td><td><p>2013</p></td><td><p>2014</p></td><td><p>2015</p></td><td><p>2016</p></td></tr><tr><td><p><strong>9,953</strong></p></td><td><p><strong>10,816</strong></p></td><td><p><strong>10,941</strong></p></td><td><p><strong>11,070</strong></p></td><td><p><strong>11,230</strong></p></td></tr><tr><td><p><strong>
</strong></p></td><td><p><strong> </strong></p></td><td><p><strong> </strong></p></td><td><p><strong>
</strong></p></td><td><p><strong> </strong></p></td></tr></tbody></table><p>We have
an ambition to raise total public and private R&D expenditure to 2.4% of GDP by
2027. As a first step to reaching the 2.4% target, we announced in the 2016 Autumn
Statement, and expanded in the 2017 Budget, an additional of £7 billion for R&D
over 5 years from 2017-18 to 2021-22 as part of the National Productivity Investment
Fund.</p><p>We expect to see 2017 data next March.</p>
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