The 2024 edition of ‘The EU Industrial R&D Investment Scoreboard’ in its 21st year, continues to monitor and analyse industrial research and development (R&D) investment trends in the context of the EU’s 3% of GDP R&D investment policy target, which is a key indicator of the EU’s long-term competitiveness performance. As emphasised in the recent Draghi report, it is crucial for the EU to substantially increase private R&D investments in order to tackle the historical productivity gaps with respect to its