Businesses that consistently invest in R&D are 13% more productive than firms that do not invest in R&D and 9% more than firms which occasionally invest in R&D

Department for Business, Energy & Industrial Strategy, Innovation Report (2014)

Research and development is essential for businesses to maintain a competitive edge. It allows companies to bring new products and services to market, improving productivity and expanding their customer base. R&D also helps businesses improve existing products and processes, making them more efficient and reducing costs. While the upfront investment in R&D can be significant, the long-term benefits are clear. Businesses that consistently invest in R&D are13% more productive than those that do not and 9% more productive than firms which only occasionally invest. This higher level of productivity provides a strong foundation for business growth, enabling firms to increase market share, create jobs, and generate wealth.