A report from the Office for National Statistics has shown the successful increase in R&D within the construction industry. In fact, R&D activity in the industry grew by nearly a third in the last year. Office for National Statistics figures showed £586m was spent by UK construction businesses on innovation in 2020 – up from [...]
Thanks to reports from the Office for National Statistics (ONS), we have seen a massive increase in spending on research and development in the Welsh private sector. In fact, the stats show this sector has grown at nearly double the rate for the UK as a whole. This massive growth rate still has its share [...]
The HMRC has recently released their latest R&D tax credit statistics. These statistics come from the R&D tax credits claimed for the year ending March 2020. The numbers may increase as time goes on as claims can still be submitted through extensions and amendments. Despite the hit to the economy as a result of the [...]
The Autumn Budget and Spending Review 2021 was recently released, providing a look into the budget so far and the expected investments going forward. With regards to investment into the nation’s innovation, the review states: The Autumn budget highlights plans to invest in growth and reawaken innovation by increasing public R&D investment by providing £20 [...]
Scotland has made some big moves in their work towards developing a low carbon network. They have just begun building the country’s first ‘fifth generation’ heating network at their manufacturing innovation district in Renfrewshire. The first pipes of the renewable energy network were lowered into position at the Advanced Manufacturing District Scotland (AMIDS) site. Once [...]
In a new report from the HMRC, it seems Welsh firms are underclaiming R&D tax credits compared to the country’s share of UK companies. Claims for the tax year 19/20 totalled 85,900 while the 2,940 claims from Wales were just 3.4% of the total. Welsh firms make up approximately 5% of the UK total business [...]
Oceanways Technologies, Ltd., whose mission is to decarbonize shipping by pioneering the market of underwater transport. As part of this mission, Oceanways is building the world’s first zero emission autonomous submarine fleet. This design will not only offer green cargo transportation, it will restore the ocean as it goes. Mid September, Oceanways was announced as [...]
Kilwaughter Minerals Ltd. has announced their new growth, increasing their R&D team by 50%. This growth comes after rapidly increasing demand for Kilwaughter products. This growth comes as part of a long term strategic investment in innovation totaling £3.4 million. Kilwaughter is a quarry and mineral processor whose work focuses on specific industries including construction, [...]
The UK Government has talked about their Innovation Strategy for the past few months, with many calling into question the specific actions that will be taken. In late July, the Government announced their plans to boost innovation in the Welsh Media Industry. Media.cymru is set to receive £22.2 million in funding to expand the Cardiff [...]
Growing Kent & Medway have announced the plans to award R&D grants totalling £3 million. This funding will be dispersed across companies whose projects support inclusive economic growth and environmentally sustainable practices and innovations. Growing Kent & Medway is a world-class research, innovation, and enterprise cluster that supports growth in technology-driven horticulture, fresh produce packaging, [...]
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