UK R&D spending has grown by 5% during 2014 and increased for three consecutive years, according to new figures released today by the ONS.
EEF has greeted the news positively, but has warned that cuts to government support for innovation in next week’s Spending Review could upset this encouraging trend. Senior economist at EEF, Felicity Burch commented: “UK businesses have upped their investment in R&D for the third consecutive year as a result of ambitious business activity and improved…
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