UK Businesses are not investing enough into R&D
Britain has a longstanding reputation for being innovative and entrepreneurial; however, that reputation is in danger of being lost. This is due to UK business failing to invest in research and development.
According to research by Rousseau Associates, a business consultancy firm, the rate of investment into research and development by UK businesses is a fifth lower than the current EU average. Current expenditure on research and development is just 1.05% of Gross Domestic Product (GDP), compared to the EU’s 1.29%.
UK business spending on research and development is 1.06% of GDP down from that of ten years ago, and is in danger of falling even further.
Investing in research and development provides many benefits to businesses, such as, improved profit margins from more innovative and competitive products.
Fascia Graphics continues to invest in both machinery, such as the Sakurai MS80-SD Printing Line and development of manufacturing processes. This allows us to fulfil our clients’ needs. As an example, we have brought to market membrane keyboards and graphic overlays that inhibit the growth of potentially harmful bacteria, such as MRSA and EColi.
Fascia Graphics has continued to see significant growth over the past twenty one years, with aims of significantly growing the business over the next four years which will in part be down to investing in R &D.
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