Innovation in the UK

Belake Research wanted to examine the state of innovation in the UK. We set about analysing the top 1000 innovating companies as collected by the UK Department for Business, Industry and Skills (BIS). One of our key questions was, where is innovation happening in the UK? Check out our awesome video to see a range of maps showing UK innovation.

The UK BIS data looks at the top 1000 companies in terms of the R&D spend together with their sales, profit and employee data. We took this data and geocoded it by each of the individual company's facility locations right down to postcode accuracy.

This video shows the highlights of the analysis we were able to do on this enhanced data set. It is interesting to note how the maps change when different metrics of R&D investment are used, particularly when looking at sales per employee and profitability.

Pharmaceuticals and Biotechnology leads the way for R&D spend overall, with two companies in this sector, GlaxoSmithKline and AstraZeneca accounting for half of R&D expenditure in this sector. They also channel a significant proportion of profit back into R&D at 50% and 40% respectively.

The fastest growing sectors for R&D expenditure are oil equipment, services & distribution, financial services and household goods. 

Our only gripe is that the UK government stopped collecting this data some 5 years ago. Shame, as its the only UK data set containing this level of detail.

If you want to know more, you can also read a brief report that accompanies the video.