EU projects – Technology Scouting – Business Innovation

Failed Goal to Boost R&D Spending

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.

More information HERE