Table 3 summarises the key changes in R&D and other measures of business performance amongst the UK850 over the last year
The key points to note are that:
- R&D investment by the UK850 increased by 7% over the last year;
- the fastest growing of the key sectors were oil & gas producers, which increased its spending by 36%, and banks, which increased its spending by 19%;
- the biggest contributors to growth in R&D amongst the UK850 were pharmaceuticals & biotechnology, oil & gas producers, banks and fixed line telecommunications: between them, firms in these four sectors contributed over three quarters of the net change in R&D investment.
Table 3: Key sectoral trends across UK850 (2007)
