Chemistry SMEs are approximately twice as likely to be investing in R&D as other SMEs

Enterprise Research Centre, What works for innovation: supporting R&D and innovation in deep tech chemistry SMEs (2022)

The UK Innovation Survey is an essential source of information for businesses of all sizes. It provides valuable insights into where companies invest their money and what activities they pursue. The data from the most recent survey suggest that chemistry SMEs are particularly active in research and development (R&D). They are approximately twice as likely to be investing in R&D as other SMEs; this is likely because chemists are constantly working to develop new products and processes. In addition to R&D, chemistry SMEs are also more likely to be investing in other innovation activities, such as design, marketing, and sales; this indicates that chemical businesses are well-positioned to take advantage of new opportunities and drive growth in the future.