Tuesday 19 February 2019

Irish R&D far below European targets, dominated by multinationals

US multinationals are
US multinationals are "deeply concerned"
Adrian Weckler

Adrian Weckler

Irish research and development is significantly below European targets and is being dominated by multinationals, according to a new report from the European Commission.

Two thirds of all business-related research and development in Ireland is being done by multinational companies, says the Commission’s Research and Innovation Observatory.

Citing figures from 2014, the report says that Irish R&D “intensity” -- expenditure on R&D divided by sales -- is 1.52pc, below official EU targets of 2pc.

The report also says that business expenditure here stands at €2.1bn.

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