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EU's top corporate investors 'will increase R&D spend'
The European Union’s (EU’s) leading corporate investors are to increase investment in research and development (R&D), according to the sixth EU Survey on R&D Investment Business Trends.
According to a statement, companies surveyed expect their R&D investment inside the EU to grow three per cent a year over the next three years. Although this rate is lower than the growth expected for their R&D investment in other world regions, the companies still expect to locate 75 per cent of their investments in the EU.
The largest percentage increases in R&D investment are expected in China (25 per cent), Japan (17 per cent), other European countries (eight per cent), India (eight per cent) and the US and Canada (five per cent).
This trend — said to be the same in three out of four previous surveys — shows that EU-based companies want to benefit from the growth in emerging economies while still retaining a strong overall focus on the EU. This is confirmed by the companies’ figures for nominal R&D investment amounts, which are set to increase by €2.2bn (£1.9bn) over the next three years in the EU and €2.7bn outside the EU.
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