Spotlight
Business enterprise research and development, UK: 2024
What's in the bulletin?
- In current prices, expenditure on research and development (R&D) performed by UK businesses was £55.6 billion in 2024, an increase of £2.4 billion compared with 2023 (4.5%).
- The software development product group made the largest contribution to the total of business R&D performed in 2024, with £10.3 billion (18.5% of total R&D performed by UK businesses).
- London had the largest value of business R&D performed in 2024, which was £13.3 billion (24.0%), followed by the East of England at £10.3 billion (18.5%) and the South East at £9.2 billion (16.6%).
Datasets related to Business innovation
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Foreign direct investment involving UK companies (directional): inward
Annual statistics on the investment of foreign companies into the UK, including for investment flows, positions and earnings.
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Foreign direct investment involving UK companies (directional): outward
Annual statistics on the investment of UK companies abroad, including for investment flows, positions and earnings.
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Gross domestic expenditure on research and development time series
Annual estimates of national research and development (R&D) spending in the UK from the public and private sectors: business enterprise, government, higher education and private non-profit organisations.
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Business investment time series
Detailed breakdown of business investment by industry and asset, in current prices, chained volume measures, non-seasonally adjusted and seasonally adjusted.
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Business enterprise research and development, UK (designated as accredited official statistics)
UK estimates of annual research and development (R&D) spending by UK businesses.
Publications related to Business innovation
Statistical bulletins
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Business enterprise research and development, UK: 2024
Spending and numbers employed on research and development by businesses in the UK, including data on sources of funds and regional spread.
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Foreign direct investment involving UK companies: 2023
Investment of UK companies abroad (outward) and foreign companies into the UK (inward), including investment flows, positions and earnings, by country, component and industry.
Articles
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Foreign direct investment by ultimate controlling economy, UK trends and analysis
Inward foreign direct investment (FDI) positions and earnings presented by the economy of the ultimate controlling parent up to 2021.
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Developing foreign direct investment statistics
An overview of our progress on the development of foreign direct investment (FDI) statistics since 2019, and our plans for the next phase of development.
Methodology related to Business innovation
Find, compare and visualise statistics about places within the United Kingdom.