πŸ₯Ό Swedish government decides on billion-dollar investment in research and innovation

by Jan 10, 2021πŸ“ˆ Human Progress

πŸ₯Ό Swedish government decides on billion-dollar investment in research and innovation

About a month ago, the Swedish government’s research grants were presented. Extra money is needed in research due to the pandemic. Matilda Ernkrans (S) Minister for Higher Education and Research told Forskning & Framsteg:

β€œWe invest billions in research and innovation throughout the country. It strengthens Sweden, it strengthens free research and we can meet broad societal challenges.”

πŸ₯Ό Swedish government decides on billion-dollar investment in research and innovation
Matilda Ernkrans (S), Minister of Higher Education and Research. Photo: Kristian Pohl/Government Offices via Forskning & Framsteg

This year (2021), government grants will increase by SEK 3.4 billion, which is an increase of 9% compared to 2020. All in all, research will be allocated SEK 13.6 billion over the next four years: SEK 3.2 billion in 2022, 3.3 billion in 2023 and 3.7 billion in 2024.

The main reason behind this decision is the risk of a decline in research activity. In Sweden, private companies are responsible for the majority of the research. As a result of the pandemic, there might be cutbacks in research. SCB, (statistic bureau of Sweden) reports that in 2019, the business community accounted for 72% of the total research investments of SEK 171 billion.

– We get signals that the business community may not be able to invest quite as much money next year due to the pandemic and then I think it is responsible that the state puts a heavy bill with a lot of money the first year, says Matilda Ernkrans.

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