Industry & Business

Northern Ireland Business Expenditure in R&D Continues to Rise

 Breaking News
  • Pioneering Proteomics Researcher and Entrepreneur Receives the NovaUCD 2018 Innovation Award The NovaUCD 2018 Innovation Award has been presented to University College Dublin’s (UCD) Professor Stephen Pennington (pictured), a global leader in proteomics (the study of proteins) research and innovation. The Award was presented to him in recognition of his commitment and success in protein biomarker research, undertaken during the last 15-years at the UCD School [...]...
  • National Manufacturing & Supply Chain Conference & Exhibition 2019 – Thursday, January 17th – Citywest Hotel, Dublin Approximately 3,000 people from all over Ireland are expected to visit the 2019 National Manufacturing & Supply Chain Conference & Exhibition at the Citywest Hotel, Dublin on Thursday, January 17th, making the event the largest gathering of the manufacturing and supply chain community in the country. Now in its sixth year, the National Manufacturing and Supply [...]...
  • DIT Launches New MSc in Transport and Mobility Over 250 million journeys were taken by passengers on Irish public transport services in 2017, and with the population set to increase, this number is likely to continue growing in the coming years. Dublin Institute of Technology (DIT) has launched Ireland’s first ever MSc programme in Transport and Mobility designed to equip graduates with the knowledge [...]...
  • Swedencare Expanding Operations in Ireland Swedencare AB, which acquired the Nutri-Science brand, product range and manufacturing facility in Waterford in November 2016, has moved into new, larger premises, which was purchased earlier this year, in the city which it has redeveloped to more than double its capacity and secure and expand its workforce presence in Waterford. NutriScience was originally an Irish [...]...
  • PREM Group Acquires Majority Stake in Rate Wise International hotel and hospitality management company PREM Group has taken a significant equity stake in Rate Wise. Rate Wise was originally founded in Dublin by software developer Niall O’Meara and quickly became a leading rate management tool working with 76 hotel and serviced apartment clients across 9 countries including Ireland, the UK, Belgium, Netherlands, Hong [...]...

Northern Ireland Business Expenditure in R&D Continues to Rise

Northern Ireland Business Expenditure in R&D Continues to Rise
November 30
09:28 2018

The 2017 Research and Development Statistical Bulletin on R&D expenditure by businesses in Northern Ireland shows a 4 per cent rise on 2016, and 20 per cent on five years ago. The report also shows an increase in the number of businesses investing in R&D, which has risen to 900 companies [1].

Welcoming the positive figures released by NISRA, Alastair Hamilton, CEO of Invest Northern Ireland, said: “Increasing business expenditure on research and development (BERD) is one of our three Business Strategy outcomes. These figures are our first measure of progress towards this output. The £18.9 million increase in BERD [2] from 2016 to 2017 represents nearly 12 per cent progress against our five year target. While the increase is positive we clearly still have some way to go to realise the £160 million increase we are working towards.

“The report also shows positive increases in expenditure by SMEs, up £43 million. Even more impressive is that this investment has increased by 75 per cent since 2012. This is where support programmes, such as our Innovation Voucher, are helping smaller businesses invest in innovative practices that will improve their business’ competitiveness.”

The NISRA report also showed that nearly 83 per cent of businesses engaged in R&D in 2017 were locally owned, and that expenditure by these businesses increased by nearly 11 per cent between 2016 and 2017.

  1. The total number of companies spending on R&D has increased from 748 in 2016 to 900 in 2017.
  2. An increase of £18.9m (3.6%) in Business expenditure to £542.8m in cash terms.

About Author



Related Articles

New Subscriber

Subscribe Here


National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories

Upcoming Events

  • No upcoming events
AEC v1.0.4