CBI responds to latest data on business investment in R&D

Alissa Dhaliwal, CBI Head of Innovation, said:

“Businesses have shown that they can drive the UK's R&D revolution, increasing their R&D investment again in 2018 to reach 1.2% of GDP - but there are tough times ahead.

"Overseas funding of innovation fell by 20% and our recent surveys have shown that political uncertainty is negatively affecting innovation investment for a majority of businesses. To accelerate UK R&D growth the next government must set out a clear roadmap for raising UK R&D spend, deliver a significant uplift in funding support for business innovation, and keep the UK in European science and innovation programmes."