The Institution of Engineering and Technology (IET) and the High Value Manufacturing Catapult (HVMC) have launched a Horizontal Innovation program that offers SMEs access to advanced technology support. The program works by giving SMEs the chance to commercialise their innovative product by helping to solve real life societal and industry challenges in new company sectors. [...]
1. SME's receive great rates SME’s can actually claim back up to 33% on qualifying project expenditure such as, staff wages, subcontractors, consumables, materials, software and some utilities. 2. You don’t need to be profitable to claim Many businesses receive R&D tax relief through a reduction Corporation Tax owed, however if your company is making a [...]
Introduction A Research and Development claim can potentially provide a net cash benefit of up to 30% of your development costs for SME’s and 7.2% for larger companies. Therefore if a company is engaging in R&D activities by producing new knowledge, exploring the path of lodging a claim and doing so correctly is a worthwhile [...]
The Research and Development (R&D) tax credit scheme was introduced in 2000 as a welcome benefit by the Government for many businesses. The incentive was introduced as an encouragement for UK businesses to become more globally innovative and competitive by investing into R&D towards technological advancements in products, services or processes. Unfortunately HM Revenue and Customs [...]
The tech company, Oxbotica, will lead an ambitious and ground-breaking 30-month programme to get fully autonomous vehicles travelling between London and Oxford. The study will work to resolve the fundamental challenges preventing the future commercial deployment of fully autonomous vehicles. The funding for the research comes from the government’s Industrial Strategy Challenge Fund, which is [...]
A state-of-the-art innovative seating system has been developed for trains enabling operators to configure specific carriages to carry either passengers or high-value cargo as required. This is the first time ever that a passenger train can also be used as a cargo train. The fully automated adaptable carriage system requires minimal effort from operators and [...]
Who would have thought that small spheres filled with natural or flavoured water could be the future solution to London’s plastic waste problem. In hope for a more sustainable future, the UK start-up company Ooho has started to create water balls, which resemble large bubbles and have a jelly-like membrane made of plant and seaweed [...]
With hope to continue developing Amazon's presence in the U.K, the company has announced its big plans to open a new Research and Development site in Cambridge to supplement the already operating ones in Edinburgh and London. The new 60,000 square foot facility, which is scheduled to open this coming autumn, will reportedly be able [...]
It seems that the common misconceptions regarding research and development (R&D) tax relief which have been overcome in other industries are still lurking in the construction sector. Whilst the majority of people working in the construction industry have heard of R&D tax relief, there is often a misconception that it is not applicable. However, the [...]
The UK Government has plans to invest £1billion into cutting-edge technologies over the next four years. The technologies to be invested into will be: Healthcare and medicine; robotics and artificial intelligence; batteries for clean and flexible energy storage; self-driving vehicles; manufacturing and materials of the future satellites and space technology. These new projects will create [...]
Australia (AU)
United States
