Go back

Business R&D increased by £3bn between 2020 and 2021

       

But small businesses complain of dangers ahead following slashed tax credit support

New figures from the Office for National Statistics suggest UK business R&D expenditure in 2021 increased by almost £3 billion since 2020, and by almost £6bn since 2018, to £46.9bn in current prices.

The figures were calculated by the government statistics body using a changed methodology aimed at better capturing the activities of small businesses, which found roughly an extra £16bn a year in business spend that was not previously captured in its data.

This article is only available to Research Professional News subscribers. If you are a subscriber you can read the article in full on researchprofessional.com

Pivot-RP users can log in and view the article via this link.