Many businesses conduct Research and Development all over the UK and the world, and with EU guidelines in place to promote and reward R&D, it is increasing , particularly in the UK, and not only are small local businesses taking advantage, but huge worldwide companies are increasing their R&D focus in the UK.
Samsung buys handset R&D arm of Cambridge Silicon Radio
Technology giant Samsung has moved to buy the research & development operations of Cambridge-based firm Cambridge Silicon Radio (CSR) for a reported fee of £198 million.
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Toshiba Expands Research and Development Efforts
Toshiba has stated that it would strengthen areas of its international research & development (R&D) organization & increase the amount of R&D personnel at its facilities outside of Japan by around 750 people by the close of fiscal year 2014.
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UK faces ‘crisis’ of innovation investment
The UK economy experienced a ‘lost decade’ of innovation, with brand new evidence showing that, overall, businesses had something of a confidence crisis in the 2000s, choosing to prioritise cash & concrete over investments in innovation.
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Research & Development (R&D) is a complex area of business and many companies think that it doesn’t apply to them or are simply unaware. Almost all types of companies of all sizes can claim some form of R&D tax credits in the UK. It doesn’t hurt to find out, and if you do qualify, it could be worth thousands of pounds to your business each year. Contact us to find out more!