UK construction companies increase R&D spend by £70 million
UK construction companies are increasing their investment in innovation, with research and development (R&D) expenditure rising by £70 million, according to new figures released by HMRC. Analysis by IronmongeryDirect, the UK’s largest supplier of specialist ironmongery, has revealed that in the first part of 2018/19, construction firms spent £1.36 billion on qualifying projects. Even though…