R&D spend up but lags behind EU

IRELAND substantially increased its real spend on research and development during the boom years, but it is still less than the European average.

As the Government tries to find €2 billion in savings, the EU’s message was not to cut spending on R&D.

This year, €718 million has been earmarked to create the jobs of the future, along with €600m from the EU over the next four years.