Month: November 2016

Wednesday’s Autumn Statement was eclipsed by Theresa May’s pledge of ‘£2bn for UK Research & Development support’ announced in her speech to the C.B.I earlier in the week.
It is always good to see support for R & D, even if short on detail, being pledged, at least over the ‘lifetime of this government’.
The announcement of a technology focussed ‘Industrial Strategy Fund’ was very exciting but does not address the real concerns of the scientific and research community over the Brexit exeunt, and the issues with stability, European research collaboration and diminished commercial marketplaces raised. Nevertheless there are ‘real’ funds within this pledge, along with a reaffirmed commitment to a reduction in the UK’s corporation tax rate. Please see below…………..

An additional benefit for R & D businesses, which is often and sadly overlooked, is available for investment in land, plant and machinery or even company cars. The attached press article by Maria Kitt highlights many of the opportunities that this allowance presents. Please contact us if you would like further advice on this opportunity and find out more here………

The UK Government has published its commitment to sustaining R & D investment in various ‘post Brexit’ parliamentary questions and Committees. Current funding opportunities can be viewed on the live stream R & D Noticeboard by clicking on the links below.
This will be put to the test in Hammond’s first Budget speech later this month and we will bring our analysis of the impact on the innovative economy here. Watch this space!