BRITISH companies are continuing to invest more in R&D, but still spend less than their major international rivals as a proportion of sales and profits. These are the main findings of The 1995 UK R&D Scoreboard, published by the Department of Trade and Industry.
The scoreboard, compiled by an Edinburgh-based consultancy called Company Reporting, shows that British companies listed on the stock exchange raised their collective investment in R&D by 4 per cent in 1994, taking it to 拢7.4 billion. Also, 248 companies now spend more than 拢1 million on R&D, compared with 151 in 1991.
Although British companies are beginning to narrow the gap with their competitors 鈥渢here is still some way to go鈥�, says Michael Heseltine, the President of the Board of Trade.
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