R&D Tax Credit

/R&D Tax Credit

National Reference Collection Announced to Support UK Biopesticide R&D

By |May 10th, 2021|

In an exciting move by Government Agri-Tech Innovation Centre, CABI, and Fera, researchers who investigate crop production have a new tool to support their work. The National Reference Collection has just been released, offering a place for storage of and access to valuable live isolates of both fungi and bacteria. The Collection uses state-of-the-art cryopreservation [...]

Patsnap Secures £215M in Series E Funding

By |May 10th, 2021|

The UK tech sector saw a record investment in the first quarter of the year. A record 465 deals have a combined worth of £4.45 billion. Patsnap scored the second highest deal for female-founded companies, securing £215 million.  Patsnap, a leader in Innovation intelligence, intends to use this funding to continue R&D and accelerate product [...]

Evaluating UK’s Commitment to R&D Investment

By |May 10th, 2021|

The UK has a great record of R&D, contributing 25% of the top prescription medicines, and home to many recognized experts in AI and machine learning technology. However, as a whole, the UK invests just 1.7% of GDP on R&D. Leading nations such as South Korea are investing 4.3% and the OECD average is just [...]

Cloudsmith Brings New Software Management System Worldwide

By |May 10th, 2021|

As the world focuses on developing and advancing new software, Cloudsmith is focused on advancing the surrounding field. Managing these software assets is just as important as the software itself. That’s why the engineers at Cloudsmith have been developing the first all-in-one managed service platform.  Delivering software worldwide is getting increasingly complex. In response, Cloudsmith [...]

GTS Flexible Materials and Philtronics Ltd. Are Welcomed into Manufacturing Wales

By |May 10th, 2021|

“Made In Wales” has been the key goal for Manufacturing Wales since their beginning. Manufacturing Wales is a platform to connect manufacturers, hoping to help bridge the industry and create solutions when you’re stuck. This consortium is dedicated to helping meet the complex needs of Welsh-based manufacturers and bringing Welsh brands to the forefront. GTS [...]

SMEs Make Up Half of the R&D Relief Claimants

By |May 10th, 2021|

In data recently released by HMRC, more than 52, 000 small and medium-sized companies claimed R&D tax credits for the 2018-19 tax year. They noted that the total relief claimed was near £6 billion, and half of that came from these smaller businesses. In comparison to prior years, this shows a 19% increase in small [...]

Say Hello to UK’s Largest Life Sciences Ecosystem

By |April 29th, 2021|

What do you get when you mix a real estate investment company, a real estate group and a science-based incubator? The UK’s first nationwide life sciences ecosystem! US-based Harrison Street and UK-based Trinity Investment Management have announced their joint acquisition of BioCity, a science business incubator. This acquisition will bring BioCity into the fold with [...]

Understanding HMRC Correspondence

By |April 29th, 2021|

With the expansion of the HMRC’s R&D compliance unit, many companies are noticing an increase in correspondence directly from the HMRC. They have a few different types of letters they might send you, from a”nudge” letter to an official notice of a compliance check. Understanding these letters and how to respond to them can be [...]