Tax Incentive

/Tag:Tax Incentive

Autonomous driving coming to the UK

By |May 18th, 2017|Tags: , , , , , , , |

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 [...]

Could innovative water balls be the key to reducing plastic waste?

By |May 10th, 2017|Tags: , , , , , , , , , , , |

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 [...]

Amazon Continues To Grow Its Innovation Story

By |May 8th, 2017|Tags: , , , , , , |

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 [...]

Construction Industry R&D misconceptions!

By |May 4th, 2017|Tags: , , , , , , |

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 [...]

UK Gov invests £1billion into cutting-edge technologies

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

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 [...]

Government invests £109.7 million into R&D to reduce emissions

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

The Government has invested £109.7 million into 38 automotive research and development projects in hope to greatly reduce the emissions footprint. Funding has also been provided for people purchasing electronic vehicles (EV) and installing EV chargers in their homes. People purchasing EV's will benefit from up to £4,500 off the cost of an ultra-low emission car, £2,500 off [...]

Lack of R&D awareness is costing business owners millions!

By |April 24th, 2017|Tags: , , , , |

Studies conducted revealed that in the UK, only 49% of business owners have heard about the research and development (R&D) tax relief. Even among those that are aware of the incentive, a large percentage believe their business would not qualify, however in many cases this is not correct. 57% of respondents say they have developed a [...]