Company Accounts: Research
(asked on 8th April 2019) - View Source
Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, whether he has made an assessment of the potential merits of requiring companies to publish reports on on their R&D spend.
This question was answered on 11th April 2019
The ONS publish annual R&D statistics, including Business Enterprise R&D (BERD). BERD statistics are based on a business survey and include analysis of regional and sectoral trends. We use the ONS statistics to track progress towards our commitment of increasing overall investment in R&D to 2.4% of GDP by 2027 and 3% in the longer-term.