New Zealand companies have increased their research funding by $548 million over the past two years and are now spending $2.1 billion on R&D, a government survey has found.
The Statistics NZ report, published every two years, says total spending on R&D across the country has increased by 24 per cent since 2016 and is now worth $3.9bn.
However, investment in scientific research and technical services has grown by just $43m over that period to reach $118m.
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