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Business Research & Development in the UK, 2012

The 2012 estimate of £17.1 billion (current price) is a 2% decrease on the 2011 estimate (£17.5 billion) of expenditure on R&D performed by UK businesses.

  • The largest decrease in expenditure in 2012 was in Pharmaceuticals which decreased by £727 million (15%), in current prices.

  • Defence R&D expenditure decreased by 10% in 2012 to £1.6 billion. This is partly due to government contracts awarded to UK businesses for the development of aircraft, naval ships, submarines and their systems and equipment moving from the research to production stages.

  • In 2012, expenditure on R&D in the UK by foreign owned businesses constituted 51% of total expenditure.

  • Business R&D expenditure in 2012 represented 1.1% of Gross Domestic Product (GDP), a level it has been since 2007.

     

Categories: Business and Energy, Businesses, Research and Development in Business
Content from the Office for National Statistics.
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