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Amazon doubles R&D staff in London

By |July 27th, 2017|Tags: , , , , , |

As part of Amazon’s drive to expand its UK workforce, the company plans to double its research and development staff in London. Amazon currently have 450 workers in its London R&D team and plans to increase this to 900 by the end of 2017. The London R&D team focus on developing Amazon’s prime Video Service, [...]

UK funds £246m Energy Storage R&D project

By |July 27th, 2017|Tags: , , , , |

The UK has funded various battery technology research and development projects in hope to powering its transition to a low-carbon economy with energy storage. The project is planned to run for four years and funding has been granted up to £246m. The funding will be distributed through three competition streams that will aim to boost [...]

20-million pound innovation centre opens as new European headquarters

By |July 14th, 2017|Tags: , , , , , , |

Tata Technologies, the global leading company in IT and engineering services, has opened a new 20-million pound European innovation and development centre at Warwick in England. The facility will serve as the headquarters for the whole of Europe, which follows on from the opening of the new centres in Paris and Gothenburg in Germany, earlier [...]

UK remains on an upward innovation trajectory

By |July 13th, 2017|Tags: , , , , , , , , , , |

Research conducted by Mastercard and the Fletcher School of Tufts University has recognised the UK as one of the world’s digital elite economies, according to the Digital Evolution Index 2017. This is a comprehensive study tracking the progress countries have made in developing their digital economies and integrating connectivity into the lives of billions. The [...]

Ford shrugs off any concerns over Brexit

By |June 13th, 2017|Tags: , , , , , , , , |

Ford seems to be showing no concerns over Britain exiting the EU as the company begins to kick-start plans to set up a new research and development facility in East London. The centre will be the central hub for the development of smarter transport. The chosen location in Stratford’s Olympic park is also home to BT [...]

Is your start-up missing out?

By |June 2nd, 2017|Tags: , , , , , , |

As Britain prepares to part with the EU, it is more important than ever for UK start-ups to be aware of the financial support on offer in order to maintain a competitive advantage. The Government offers competitive incentives to encourage business growth, development and to be one of the best places to start and grow [...]

£350K R&D competition – Could your project be eligible?

By |May 30th, 2017|Tags: , , , , , |

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. [...]

5 Benefits of the R&D Tax Credit

By |May 26th, 2017|Tags: , , , , , , |

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 [...]

Eligibility and Evidence for R&D

By |May 26th, 2017|Tags: , , , , , , |

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 [...]

R&D Tax Credit explained – How can your business benefit?

By |May 22nd, 2017|Tags: , , , , , , , , , |

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 [...]