The proportion of GDP spent on R&D in the UK increased slightly between 2012 and 2013, according to figures released by the Office for National Statistics.
According to the data, which are based on current prices and do not take inflation into account, 1.67 per cent of UK GDP was spent on R&D in 2013, up from 1.62 per cent in 2012. Gross domestic expenditure on R&D increased by 7 per cent to £28.9 billion.
Government spending increased by 6.7 per cent, from £2.14bn in 2012 to £2.28bn in 2013. Businesses were responsible for 64 per cent of investment in R&D in 2013. This equated to £18.4bn, up 8 per cent from 2012.
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