The challenge of innovation plays a key role in the growth of a modern, knowledge-based economy.
Britain has taken significant steps towards increasing its quality to quality of Research and Development (R&D) over the last decade. The R&D Tax Relief scheme was first introduced in 2000 for SMEs and then in 2002 for Large Companies with the objective of attracting foreign direct R&D investment into the UK and encouraging existing domestic R&D activity. The Technology Strategy Board has also been charged with injecting R&D grants into the UK economy as well as securing government procurement for SMEs to provide solid foundations for this investment.
Whether it is about inventing new products, carrying out ground-breaking research or developing and improving (new) industrial processes, the future of your business depends heavily on the quality and sustainability of your investments in innovation. Our goal is to help you take advantage of existing tools to boost your ability to stay ahead in a globally competitive market.
Contact us if you feel that you might benefit from this powerful tax incentive.
