R&D a recovery key?


rdMany businesses may be facing a ‘sink or swim’ scenario as a result of the COVID-19 lockdown, but forethought and prior investment could prove crucial when it comes to economic recovery,

“Businesses are always looking for ways to improve their bottom line or to become better at what they do, and investment in R&D can help achieve this,” Geraldine Duoba from Stats NZ says regarding recent figures confirming businesses spent an average of $1.1 million on research and development in 2019, compared with $665,000 in 2012.

Click here to read the full report.