To ask the Secretary of State for Business, Innovation and Skills what assessment he has made of trends in expenditure on research and development by companies in the last 12 months.
The most recent figures for UK Business Enterprise Research and Development (BERD) were published in December 2010 and showed:
In 2009, in cash terms and compared with 2008:
Total R&D expenditure decreased by 2.5% to £15.6 billion
In 2009, in real terms (2009 prices) and compared with 2008:
Total expenditure decreased by 4.1% to £15.6 billion
The Office for National Statistics will publish UK BERD 2010 expenditure figures in November 2011.