Irish firms lagging in research spending

Multi-nationals account for two-thirds of R&D, EU report finds

19th July, 2016
Report says crisis has left its mark on R&D spending Pic: Shutterstock

A study carried out by the European Commission has found that foreign multi-national companies account for almost two-thirds of business spending on research and development (R&D) in Ireland.

The commission report said that although the economic outlook for Ireland is positive, the financial crisis had left its mark on public support for R&D. It said a declining trend from 2009 onwards could be seen, only partially compensated by the indirect funding provided by...

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