Particular attention should be paid to increase public R&D spending efficiency by facilitating for instance the cooperation between the public and private sector. As regards private R&D investment, more attractive conditions for technology-intensive markets should be created. This includes for instance a better use of public procurement, a more innovation-friendly regulation and stepping up the provision of targeted fiscal incentives to the private sector.
The European Commission estimated that an increase in the share of R&D expenditures in GDP from 1.9% in 2004 to 3% by 2010 would result in an increase of 1.7% in the level of GDP by 2010.