Theresa May is calling for UK companies to invest more in research and development to keep pace with rivals in other countries.
For every £1 of government support for R&D, British businesses invest around £1.70, compared to around £2.70 by American businesses and almost £2.40 by German businesses.
With concerns over availability of labour in the manufacturing sector post Brexit, is your business prepared to invest in research and development in the UK?
Our Corporate Tax team at Creaseys are well placed to advise you on the potential for significant corporation tax savings available for qualifying R&D projects.
With the forthcoming budget, how will the UK government continue to incentivise your business to invest in R&D?
Prime Minister Theresa May has called on UK companies to invest more in research and development. At the CBI's conference she said the "economy fit for the future" would be "driven by science and innovation". But, she said, while the government was increasing support for R&D to "record levels", UK firms were not keeping pace with rivals in other countries. Later, Jeremy Corbyn reminded delegates that Labour had said it would increase R&D spending to 3% of GDP by 2030.