The biggest manufacturers listed on the London Stock Exchange spend on average 4.92% of their annual turnover on research and development, The Manufacturer can reveal.
Average spending on R&D in the sector was 4.92%, though this increases to 5.71% when excluding food, beverage and packaging manufacturers. Spending on R&D across manufacturing sectors represents 72% of all business R&D investment in the UK, showing that manufacturing carries a disproportionate majority of the country’s science-based research. [caption id="attachment_208628" align="aligncenter" width="573" caption="The Manufacturer’s…
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