UK MOTOR INDUSTRY’S SPENDING ON R&D HITS AN ALL-TIME HIGH

UK MOTOR INDUSTRY’S SPENDING ON R&D HITS AN ALL-TIME HIGH
Manchester, 25 November 2019 – The UK motor industry’s spending on R&D has hit an all-time high of £3.7bn, the latest ONS data has revealed. Automotive businesses increased their spending on research and development by £154m, according to the latest statistics1 for 2018 released last week. This was a rise of 4.3%, taking it to an all-time high. The sector’s R&D spending has grown 225% from £1.2bn over the past decade, analysis by R&D tax relief specialist Catax shows. The motor in...

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