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Almost 14,000 working in research - CSO

Research - Businesses spent €1.7 billion
Research - Businesses spent €1.7 billion

Early figures indicate that businesses in Ireland spent just under €1.7 billion on research and development (R&D) last year, up from €1.6 billion in 2007.

The figures are contained in a study carried out jointly by the Central Statistics Office and State advisory body Forfás.

Small firms - those employing fewer than 50 people - spent almost €350m last year, while bigger companies spent €1.3 billion.

The study found that almost 13,900 people were working in R&D in Ireland in 2007, of whom 8,300 were researchers. The study estimated that this was the equivalent of 10,900 full-time jobs. 1,200 companies were involved in R&D activity, with a third spending €500,000 or more.