How much is the private sector spending on medical research in the UK?

Posted on November 29, 2010 by

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Last week BIS published the latest R&D scoreboard. This is an annual investigation the department carries out looking at the top 1,000 UK and top 1,000 global corporate investors in research and development (R&D). It gives us a snapshot of how private investment into R&D in the UK is doing.

This year one of the major findings is that UK R&D investment is holding up relatively well, despite the difficult economic climate. The 1,000 UK companies looked at – i.e. those that invested the most in R&D – invested a combined total of  £25.3bn in 2009, down 0.6% year on year.

Looking more closely, the 129 pharmaceutical and biotechnology firms that make it into the UK’s top 1000 investors in R&D invested a total of  £8,922 million into R&D in 2009. That’s a 0.9% drop on last year’s investment – £9,592 million in 2008. However there has been an 11% growth in R&D investment by the 46 firms focused on healthcare equipment and services.

Throughout this time, medical research charity investment in research has been growing steadily – from £935 million in 2008-09 to £1.1 billion this year, 2009-10.

Posted in: Policy