ONS says UK R&D may be worth far more than currently estimated

Early findings from a revamped Office for National Statistics survey published suggest that the value of research and development undertaken in Britain each year could be more than 20% higher than estimates currently show. According to the redeveloped Business Enterprise Research and Development Survey, R&D expenditure in 2022 amounted to £53 billion pounds, compared with an existing estimate of £43.4 billion pounds…