United Kingdom

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Spring statement offers businesses more generous R&D tax credits

By |May 20th, 2022|Tags: , , , , , , |

Read time: 3 minutes Rishi Sunak’s 2022 spring statement promised to reform the UK's R&D tax credits to be more generous to businesses. Which sounds like great news for small and medium sized enterprises (SMEs).  But how does the government  plan on doing this and how will it benefit your business ? Changes in R&D tax [...]

The Most Innovative Cities in the United Kingdom

By |August 20th, 2020|Tags: , , |

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 [...]

U.K. R&D spending is still not enough!

By |March 16th, 2018|Tags: , , , , , , , , , , |

Despite U.K R&D spending reaching a record breaking 33.1 billion pounds, its efforts were still not enough and it currently only ranks 11th in the European Union, according to Office Of National Statistics. This signifies that Britain is lagging behind its major European peers when it comes to R&D spending. Britain invested 1.67 percent of [...]