EU Action Plan to boost research efforts in Europe

The European Commission will present today a roadmap with detailed measures to encourage public and private players across Europe to upgrade their research effort.

The Communication on "Investing in research: an action plan for Europe" sets out initiatives required to increase the level of investment in research in the EU from 1.9% to 3% of GDP, with two-thirds financed by the private sector, as called for by the March 2002 Barcelona European Council. Meeting the 3% objective is expected to create 0.5% additional growth of GDP and 400,000 additional jobs every year after 2010. Key actions include setting up European technology platforms, strengthening links between industry and public research, redirecting public spending towards research and innovation, making research careers more attractive and developing better fiscal incentives for research.

- This blueprint for action marks the start of a process which has the potential to turn around Europe's R&D fortunes and put the Union on track to meet its 3% of GDP objective by 2010, said Research Commissioner Philippe Busquin.

- This is Europe's chance to boost its competitive potential and to ensure sustained improvements to people's quality of life. However, this requires the determined and co-ordinated efforts of all interested parties - current and future EU Member States and public and private sector stakeholders. Everybody can and should contribute to making this action plan a success.

See also Commisions press release.


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