Why invest in R&D?
Right now, the UK is arguably the best place in the world to do R&D as a result of the outstanding science, engineering and technology base and stable macroeconomic environment. We have seen an increase in the levels of overseas business investment for commercial R&D conducted in the UK. This investment is a good indicator of the continued competitiveness of the UK as a location of choice for the increasing globalisation of corporate R&D.
More importantly, R&D plays an important role in the innovation process which is increasingly vital to current and future profits for UK companies. It results in the technology that brings new products and services to the market place. Innovation results in high quality jobs, successful businesses, better goods and services and more efficient processes. International research has consistently demonstrated the positive correlation between R&D investment intensity and company performance measures such as sales growth and share price in the sectors where R&D is important. Businesses are in a better position to achieve and maintain competitive advantage in the increasingly global market place with sustained R&D and other related investment at the right levels. DTI's Benchmarking Tools can help you understand what the right level for your company might be.
See full Press Release.
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