R&D spend up 10%

Manufacturing News, Source : TheManufacturer.com
Published : 25 Nov 2002 10:14

Government figures out today show that spending on research and development had risen steeply even before tax incentives were put in place earlier this year.

The new figures show that in 2001, £12.7 billion was spent on R&D performed within UK businesses - a rise of 10 per cent over the 2000 total. Total R&D Expenditure in 2001 represented.

The product group with the largest R&D expenditure was pharmaceuticals: expenditure in 2001 was £3,040 million, 24 per cent of all spending. Other major product groups were aerospace accounting for £1,260 million (10 per cent) and radio, television and communication equipment £1,044 million (8 per cent).

Funding of R&D from businesses - ``own funds'' was £7,402 million in 2001 (58 per cent of the total). Funding of R&D in UK businesses from abroad was £3,006 million in 2001 (24 per cent of the total). Funding of R&D in UK businesses by the UK Government was £1,504 million in 2001 (12 per cent of the total).

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