The Annual Growth Survey 2016 highlighted that investing in R&I at national level is critical for growth and that therefore Member States should continue to prioritise public investments in R&I, ensuring their efficiency and leverage with regard to business investment. Member States need to keep up the pace of reforms to ensure an investment-friendly environment. See more information about the European Semester.
The European Semester supports Member States' structural reforms in different policy areas to promote jobs, growth and investment. Research and innovation play a key role in this context. That is why the Commission gives recommendations to and closely work with the Member States to increase the performance of their national R&I systems.
Have a look and see how the country is performing.
Public R&D investment is flat and remains low by EU standards, though domestic funding is set to rise. Underinvestment risks jeopardising the UK's scientific excellence and impact its long-term economic growth potential. Public investment in R&D has been stagnant in recent years and below the majority of EU Member States. This has so far not diminished the UK's scientific excellence, which continues to rank highly in the EU context, but there could be a lagged impact. The November 2016 Autumn Statement announced an increase in the science budget of GBP 2 billion (EUR 2.3 billion). Private R&D investment has been increasing in the past years but it remains below the EU average. To a certain extent this reflects the UK's economic structure, with strong specialisation in services. Building stronger science-business linkages can ensure that the excellent output of the public research base translates into the creation of new firms focusing on high-tech activities. The UK ranks above the EU average in terms of the amount of public-private scientific co-publications, though it is ranked lower than in 2010. Catapult Centres aim to be world-leading facilities to connect UK businesses with the research and academic communities. The creation of UK Research and Innovation, bringing together the Research Councils, Innovate UK and the science and innovation functions of HEFCE, can help improve the rationale and complementarity of different government schemes.