Last year saw a fall of 4% in research and development by UK businesses and 51% of the investment was made by foreign companies. Investment by UK businesses is below the European average. (Source: Office of National Statistics) This is a worrying trend for the future of UK plc.
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Don’t cut corners on R&D and testing
Last year saw a fall of 4% in research and development by UK businesses and 51% of the investment was made by foreign companies. Investment by UK businesses is below the European average. (Source: Office of National Statistics) This is a worrying trend for the future of UK plc.
Bucking this trend is the Magic Thermodynamic Box Ltd, a manufacturing and distribution company of energy saving products for the domestic market based in Essex.
The Magic Thermodynamic Box Ltd has doubled their research budget this year to fund independent accredited tests on their product. The Central Heating Management System which at its core has the Magic Heating Box is currently being reviewed ahead of the next up and coming heating season. These professionally accredited tests have given the product credibility in the market place and helped the company to continue to develop. In the summer months UKAS accredited test houses have been commissioned for months of ongoing tests which have already yielded impressive results and data.
As knowledge of the company and the product grows there are many UK based businesses re-selling and installing their products. The international orders are also developing as their market penetration continues to develop.
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