R&D spending in construction sector rose 7.9% last year, despite the pandemic

Rising expenditure

Construction sector R&D spending hit £368m last year, according to latest ONS data

R&D spending in the construction sector defied expectations with an 8% rise last year despite the pandemic, analysis of latest ONS data by business tax relief consultancy Catax shows.

The industry spent £368m on R&D in 2020, a rise of 7.9% from the £341m invested in 2019. The increase came despite widespread disruption caused by the Covid-19 pandemic, which had led to fears that levels of innovation could suffer.

It also represents a record high. Over the past decade, R&D spending in the construction sector has grown 257.3%, up from £103m in 2010.

The ONS published its Q4 statistics for R&D spending yesterday (Wed) providing a full year picture for different industries.

The construction sector’s performance was significantly better than the performance of UK industry as a whole. Total R&D spending by UK businesses rose 5.09% to £38.4bn last year.

UK GDP in 2020 was 9.8% down on an annual basis according to the ONS2 — the worst performance since 1709.

Related links:



modbs tv logo

New CIBSE Building Performance Award celebrates digital innovation

New for 2023, CIBSE introduce Best Digital Innovation category as part of the Building Performance Awards.

Altecnic release two new issues of technical magazine, Idronics UK

The two new issues of Idronics UK aim to enhance industry knowledge of modern plumbing and heating best practice, covering topics such as, Heat Interface Units, system balancing, net-zero building and heat network design.