RTC Business Consulting

Spending on Research and Development (R&D) by leading UK firms rose by 6 per cent in 2007 - reaching £21.6 billion - according to figures published by the Department for Innovation, Universities and Skills (DIUS).

The annual R&D Scoreboard, published in collaboration with the Department for Business, Enterprise and Regulatory Reform (BERR), also shows that the UK's 88 biggest R&D investors grew their R&D by 10.3 per cent over the previous year whereas their global peers averaged a 9.5 per cent increase.