Business group wants Britain to become associate member of R&D programme after Brexit
Britain’s biggest business lobby group is seeking to prevent the loss of as much as €1bn (£882m) in annual European funding for scientific research and technological development, which has been thrown into doubt by Brexit.
According to a briefing paper seen by the Guardian, the CBI is calling for the government to state its intention to renew its membership of the EU framework programme for research and development after Brexit. Failure to take such steps could further harm businesses already cutting their spending on research and discourage future investments, it says.