Home » Architecture and engineering among most innovative UK industries

Architecture and engineering among most innovative UK industries

by Liam Turner
Two architects planning with VR headsets

New research has found the architecture and engineering industry to be among the most innovative in the UK.

UK-based fintech firm Tide analysed the 50 most popular sectors in the UK to calculate the most innovative industries in the country.

The third most innovative was architecture and engineering, with a total research and development expenditure of £1.6bn

The analysis concluded that architectural ventures such as sustainable homes and engineering projects involving renewable energy sources are being well-funded as the country attempts to battle the effects of climate change.

The biggest industry in terms of R&D spending is the manufacturing of motor vehicles, as technology such as driverless cars, better electric batteries, and the mass production of hydrogen-powered cars are being pursued.

Manufacturing of other forms of transport spent almost as much as the motor industry on R&D in 2019, focusing on improvements to rail and air transport.

Some of this spending fuelled research into the proposed next generation of supersonic airliners.

Advertising and market research companies saw the biggest increase in R&D spending between 2014 and 2019, with an increase of over £300m (or 1,059%).

When looking at the 2010s as a whole, the biggest increase in R&D spending took place within the accommodation and food services industry, with a growth of over 2,300%.

Amazon is the company spending the most on research and development, with an annual expenditure of £16.5bn, followed by Alphabet (Google) with an annual R&D spend of £11.8bn

Most innovative industries in the UK:

RankIndustry2019 Research and Development Expenditure (£)
1Manufacture of motor vehicles, trailers and semi-trailers2.5B
2Manufacture of other transport equipment2.0B
3Architectural and engineering activities1.6B
4Wholesale and retail trade; repair of motor vehicles and motorcycles1.3B
5Manufacture of computer, electronic and optical products1.3B
6Manufacture of machinery and equipment n.e.c.817M
7Financial and insurance activities690M
8Manufacture of basic pharmaceutical products and pharmaceutical preparations603M
9Manufacture of fabricated metal products, except machinery and equipment590M
10Activities of head offices; management consultancy activities374M

Image: Yuganov Konstantin/Shutterstock

Read next: HS2 embeds EDI standard across its supply chain

Are you a building professional? Sign up for a FREE MEMBERSHIP to upload news stories, post job vacancies, and connect with colleagues on our secure social feed.

Leave a Comment

Related News

Online building news, features and opinions

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More