5th October 2018
Minister of State for Training, Skills, Innovation and Research and Development, John Halligan TD, has welcomed the latest figures on Government investment in research and development (R&D) published today by the Department of Business, Enterprise and Innovation, which show that over €750m is estimated to have been invested in R&D in 2018.
The data in The Research and Development Budget 2017-2018 publication is compiled from a comprehensive survey of thirty Government Departments and agencies. It shows that the Government spend on R&D was €739.3m in 2017 and that allocated funding for R&D is estimated at €751.7m in 2018.
Minister Halligan said: "Research and Development are key drivers of competitiveness, productivity and economic growth. Ireland’s future economic growth and prosperity will depend in very large measure on our continued investment in R&D. This State investment is all about developing a competitive, knowledge-based economy and society, driving innovation in enterprise, building human capital and maximising the return on R&D investment for economic and social progress. It is encouraging to see the increased provision in 2018, especially given the competing demands and continuing pressure on public finances. This positive momentum must be maintained and we must continue to give R&D funding sufficient priority to ensure Ireland becomes a global innovation leader."
The Department of Business, Enterprise and Innovation and its agencies Science Foundation Ireland, Enterprise Ireland and IDA Ireland were responsible for over half (51.5%) of all Government R&D investment in 2017 at €380.6m.
The report provides details of Government funded research programmes and highlights the extent and variety of R&D being carried out in the country.
In addition, the report brings together the latest data on business, higher education and government agencies’ spending on R&D in Ireland. In 2017, Gross Expenditure on R&D (GERD) by all these sectors of the Irish economy was €3.396 billion. The highest expenditure on R&D continues to be within the business sector, which accounted for €2.391 billion (over 70%) of total GERD.
ENDS
Notes for Editors
Report on The Research and Development Budget
These figures are provided by the Department to the CSO/Eurostat under Commission Regulation (EC) No. 995/2012.
About DBEI
The Department of Business, Enterprise and Innovation (DBEI) plays a key role in implementing the Government’s policies of stimulating the productive capacity of the economy and creating an environment which supports job creation and maintenance. The Department also has a remit to promote fair competition in the marketplace, protect consumers and safeguard workers.
For further information please contact Press Office, D/Business, Enterprise and Innovation, press.office@dbei.gov.ie or (01) 631-2200
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