What is the Government Offering? Businesses across the UK are set to benefit from a £134 million Government investment, enabling ‘ground-breaking clean growth’ projects develop new technologies and secure new jobs. The projects include an initiative to service offshore wind turbines autonomously, use AI to reduce beer waste in the brewing process and convert seaweed into compostable [...]
Scottish companies are being encouraged to claim R&D tax relief after HMRC data showed that they are only claiming a fraction of the UK equivalent. £230 million has been claimed by Scottish companies for the 2018/29 financial year with an average claim value of £80,341. This amounts to 2,920 claims out of 11,820 claims in [...]
This week, HMRC released its R&D statistics report, and while the numbers are positive, we still have a ways to go, especially given the massive shift that 2020 has gone through. The report shows continued percentage increases on the number of claims and refund amount. However, the Government's goal is £22 billion of R&D funding [...]
Tests for Covid-19 that show on-the-spot results in 15 to 30 minutes are about to be rolled out across the world, potentially saving many thousands of lives and slowing the pandemic in both poor and rich countries. In a triumph for a global initiative to get vital drugs and vaccines to fight the virus, 120 [...]
The common way in which innovation is tracked, is to look at the number of patent requests originating in any one city or region. By registering a patent, you are essentially registering an idea that was unique to you and receiving acknowledgement from the government that no one can steal your work. 1. Cambridge Recently [...]
A new study conducted by the European Patent Office reveals that the United Kingdom is leading Europe in 3D printing. The United Kingdom accounts for 5 per cent of 3D printing patent applications at the European Patent Office, putting it in second place behind Germany. There has been a rapid increase in European 3D printing [...]
According to an article by Global Ag Media, many farmers in the UK are not taking advantage of the R&D tax credit for their innovative work. The agriculture sector makes up less than 0.5% of all UK R&D claims. However, those who do make a claim receive an average refund of £52,000. Agricultural companies developing [...]
The latest HMRC figures show that Cardiff has the highest percentage of innovative activity in Wales, with 315 successful R&D tax relief claims made for the 2017-18 financial year. This amounts to 2.4% of all businesses in the area, with finance and software companies being among the top sectors investing in R&D. In Wales, figures [...]
UK Research and Innovation (UKRI) is an organisation working in partnership with universities, research organisations, businesses, charities and government to foster and develop research and development. Innovate UK, the innovation arm of UKRI has announced their plans to invest £20 million in coronavirus R&D “resilience” projects. Innovate UK is calling for businesses in the UK [...]
Three global investors, WAVE Equity Partners, Chevron Technology Ventures and Marubeni Corporations, have invested £12.3 million in UK carbon dioxide separation technology innovator, Carbon Clean Solutions Limited (CCSL). CCSL, a UK-based start-up founded in 2009, is pioneering the way of developing affordable carbon capture technology for utilisation and storage, as used by steel, cement, refining [...]
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