Companies reported cost as the biggest barrier to conducting R&D

Department for Business, Energy & Industrial Strategy, UK Innovation Survey (2019)

Companies reported cost as the most significant barrier to conducting R&D in the UK Innovation Survey (2019).; this was especially true for small companies with limited budgets. The second most common barriers were time and resources, which are also often constraints for small businesses. Interestingly, larger companies were more likely to cite regulation as a barrier to innovation.; this may be since they are subject to more stringent rules and have more complex operations. Overall, the survey findings suggest that cost is the primary barrier to innovation for businesses of all sizes. Streamlining regulations could help to encourage more companies to invest in R&D.