Report: More Foreign Firms Choosing U.K. for R&D Base

London -- According to a new report by the Department of Trade and
Industry (DTI), large foreign-owned companies are increasingly
recognising the U.K. as a supportive base for R&D. The DTI's annual
"Research and Development Scoreboard" said the business climate for
the world's top 1,000 companies had improved over the last year, with
overall increases in sales growth, profitability and R&D. Twelve of the
top 17 foreign-owned U.K. companies surveyed have much larger
R&D intensity than their parent companies, while the number of R&D-
intensive, middle-sized U.K. companies has increased by more than
75% over the past four years. The U.K. software industry stands out as
a leading sector, with 117 of the top 750 R&D companies in the U.K.
and a contribution of 5.2% of total R&D investment, the DTI said.
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