Once again, the intention to become an innovation powerhouse was prominent in this year’s budget. It’s great to see the recognition that innovation is important despite fiscal tightening so, from an R&D perspective, the message was promising. The Chancellor expressed that the Government wants to make the UK the best place in the world for companies to innovate and his decision to consult the industry on R&D schemes is a wise one and something we have recommended to HMRC directly.
International prominence for R&D activity is increasingly competitive. When investing in an R&D project, …
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