R&D Tax Credit

/R&D Tax Credit

BEIS Outcome Delivery Plan: 2021 to 2022

By |July 28th, 2021|

The UK Government has committed to finding ways to achieve a green and prosperous future. The Department for Business, Energy and Industrial Strategy (BEIS) has a critical part to play in this endeavour. They spent the past year tackling huge challenges brought on by the coronavirus pandemic in addition to working on a comprehensive trade [...]

CSCT has Announced iCAST: a New Innovation Centre

By |June 4th, 2021|

University of Bath’s Centre for Sustainable and Circular Technologies (CSCT) has created a new collaboration between academia and industry. The goal is to create sustainable chemical technologies to accelerate the UK into a net-zero carbon emission status. iCAST -the Innovation Centre for Applied Sustainable Technologies - will aim to facilitate this transition. They’ve pulled experts [...]

UKRI Announces £8M in Funding for Waste and Recycling Projects

By |June 2nd, 2021|

UK Research & Innovation (UKRI) has announced funding for their Transforming Foundation Industries (TFI) challenge. They have announced an £8 million funding pot for waste and recycling projects and an additional £7 million for plastics innovations. Some of the winning projects include: Development of a composite feedstock for electric arc furnaces Recovering cotton fibre from [...]

Canada and UK Collaborate to Innovate Sustainability in Agriculture

By |June 2nd, 2021|

The National Research Council of Canada (NRC) and UK Research and Innovation have announced 7 Canadian firms who will pursue collaborative projects with UK partners through the Canada-UK Industrial research and development call for proposal.  With the help of advisory services and up to £1.7 million in funding, the collaboration efforts will focus on increasing [...]

UK R&D Policies are 20 Years Old and Can’t Keep Up

By |June 2nd, 2021|

A recent report has come out questioning the UKs R&D tax credit scheme. Their premise states that the 20-year-old policy which delivers a £7.3bn research and development tax credit system is failing to deliver significant additional spending by businesses. The R&D tax credits scheme was introduced in 2000, offering government funding to support R&D in [...]

PAC Group receives Queen’s Award and Platinum Level Inventor Status

By |June 2nd, 2021|

PAC Group have shown impressive innovation and advancement of their company. The hard work pays off as they receive the Queen's Award for Enterprise: Innovation and the Platinum Level Inventor accolade back to back. The Queen’s Award for Enterprise Innovation is a high honour, going to a company who has experienced commercial success as a [...]

Let’s Look at the R&D Tax Credit Statistics: September 2020

By |June 2nd, 2021|

The HMRC releases annual R&D tax credit statistics, making it possible to analyze the progress of R&D throughout the years. It’s time to take a look at the 2020 report. This report shows stats and analysis based on the first portion of the 2020 year.  Their summary findings showed that as of June 30, 2020: [...]

UK Space Sector Set for Massive Growth Following COVID-19 Recovery

By |June 2nd, 2021|

The UK space sector is in a good place to expand as we recover from the COVID-19 pandemic. Know.space’s recent Size and Health of the UK Space Industry report commissioned by the UK Space Agency shows growth in both jobs and income as well as an increase in R&D investment. The report, which looks at [...]

Farmer’s Urged to Look into R&D Tax Credit

By |June 2nd, 2021|

Seamus McCaffrey, a top agricultural accountant in Northern Ireland is set on raising awareness, urging farmers to apply for the R&D tax credit. He is trying to encourage farmers whose businesses are registered as a company to take advantage of the up to 230% tax credit on money invested in R&D. Many businesses view R&D [...]

UK to Host Global Summit with CEPI for better Vaccine Development Process

By |May 10th, 2021|

COVID-19 has high-lighted the importance of speed and access in vaccine research. With this awakening, the UK will host a summit with the Coalition for Epidemic Preparedness Innovations (CEPI) to raise funds for vaccine research and development. The intent is to speed up vaccine development further and prevent future pandemics.  CEPI is hoping to be [...]