Navigation path

eu calender
What's in it for me?
Europe in the UK
President José Manuel Barroso
The commissioners
EP in the UK
Europe and the UK need to invest more in R&D
E-mail this pageE-mail this pagePrintPrint

Published on 09-06-11

Europe needs to accelerate investment in research and innovation if it wants to meet its targets for smart sustainable growth. This is one of the key findings of a European Commission report that analyses the strengths and weaknesses of national research and innovation systems.  The report - the Innovation Union Competitiveness Report – covers all 27 Member States and six Associated countries. Its findings show that for the first time Europe has broken the 2 percent barrier of R&D investment as percentage of GDP, but the gap with other leading economies is still widening.

    Europe and the UK need to invest more in R&D

    The report also shows that the UK outperforms the EU average on many areas of excellence, but lags behind in public and private R&D investment.

    It outperforms both the EU average and a group of similar countries and nears the United States in a range of indicators such as high quality publications, high quality patents and high share of the population engaged in knowledge intensive activities. On the other hand, the system underperforms in terms of public and private R&D investment and technological performance as measured by the importance of patents in the economy. The report notes that this underinvestment could potentially affect the UK's future scientific and technological competitiveness.

    Related Links

    Last update: 10/06/2011  |Top