The goal to boost R&D spending to 3 per cent of gross domestic product (GDP) in all member states up to 2020 has not been achieved.
In 2018, EU member states – UK not included – invested on average 2.19 per cent of their GDP on R&D, amounting to total figure of €295 billion.
An analysis by European Commission officials estimates the EU needs to add in an extra €109 billion per year to reach the goal of spending at least 3 per cent of GDP on research and development.
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