The government needs to create better incentives for businesses to invest or the UK risks falling behind other countries and losing out on the benefits from investment in research and development.
UK R&D may be worth far more than currently estimated cyprus-mail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cyprus-mail.com Daily Mail and Mail on Sunday newspapers.
The value of research and development undertaken in Britain each year could be more than 20% higher than estimates currently show, early findings from a revamped Office for National Statistics. -April 29, 2024 at 06:14 am EDT
- MarketScreener
What the Greater Cleveland Partnership report uncovered is that as of 2021, there was nearly $4 billion in research and development expenditures in the Cleveland area.
The UK government may be teetering, but to the world’s statisticians there’s an even more consequential problem: is the UK measuring its R&D correctly? The resulting row, while uniquely British, highlights the growing policy importance of R&D statistics globally.