The PLC award, which is focused on small firms listed on the London Stock Exchange, is given to a company whose business growth and success is dependent on, or attributable to, the development of its technology. Renishaw last won it in 2010.

“We annually invest between 14 and 17% of our revenue into R&D and engineering, and innovative technology is at the heart of our customer solutions for the manufacturing and healthcare sectors, “ said Ben Taylor, assistant chief executive of Renishaw. “Whether or not we win this award again, it is great that our achievements in 2012 have already been recognised by a panel of independent experts from the financial community who selected the shortlist.”

The shortlist for the Best Technology award also contains other well-known names: Anite, Aveva Group, AZ Electronic Materials and Oxford Instruments.

The award winners will be announced on 7 March 2013 at The Grosvenor House Hotel in London, UK.