"Figure 4: Composition of UK gross domestic expenditure on research and development by funding sector in constant prices, 2012 to 2016","" "","" "","" "Notes","1. HEFCs – Higher Education Funding Councils." "Unit","£ billion" "","" "","Business","Government and Research Councils","Overseas","HEFCs and Higher Education","Private Non-Profit organisations" "2012","13.4","5.9","5.5","2.7","1.4" "2013","13.7","6.8","5.6","2.8","1.4" "2014","14.7","6.7","5.8","2.8","1.5" "2015","16.0","6.7","5.5","2.7","1.6" "2016","17.2","6.5","5.2","2.7","1.7"