Finnish R&D Spending to Rise by 1% in 2005

The Finnish government has announced that it will raise public expenditure on research and development (R&D) by 56 million euro to a total of nearly 1.6 billion euro for 2005, a rise of one per cent in real terms on the previous year.

Overall, the share of total government spending set aside for R&D in 2005 will be 4.5 per cent – a figure that has remain unchanged since 2002. The government departments that will benefit most from the spending increase are the Ministry of Education, the Ministry of Trade and Industry and the Ministry of Defence.

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In other news, Finland has adopted its position on the 7th Framework Programme, raising concerns about the management of research projects, and proposing a new scheme for researcher training. Read more here.

News Source: Cordis, Finland