Exploring Late Stage R&D

The UK Government is looking to have invested 2.4% of it GDP into R&D within 6 years. But Why? R&D is an essential segment of innovation. R&D helps bringing a variety of things to market. Such as different Services, Products and various new Technologies.

If you want to, you can take a deeper look At the Royal Academy Of Engineering's piece on the subject.

Obviously R&D carries its risk factors, but it can also lead to new jobs, increased efficiency and productivity. Even creating entire new Markets.

A 4 page Summary on R&D also provides an interesting read on the subject.

As Technology progresses, RND is becoming ever more essential to the innovation process.  R&D Could become a huge part in the UK Governments plan to become a Science Super Power.