Great News … Prime Minister Calls for More Investment in R&D
We were delighted to hear Prime Minister Theresa May call for UK companies to pump more money into R&D at the CBI’s annual conference in November 2017.
Theresa May made the call at the conference in London, and said while the government was increasing support for R&D to "record levels", UK firms were lagging behind other countries in their investment.
She added: "Today, for every £1 of government support for R&D, British businesses invest around £1.70, but in America businesses invest around £2.70 and German businesses invest nearly £2.40.”
We proactively supported this view in the media as we believe that companies in the UK need to invest in R&D in order to innovate, continue to be competitive in the global marketplace and futureproof to ensure post-Brexit economic prosperity.
And you can benefit from R&D Tax Credits.
R&D forms a vital part of the economy, providing jobs, improving living conditions and enabling businesses to innovate and compete with their rivals globally. By not undertaking R&D activities, companies in the UK risk stagnating their growth and effectively holding back our overall economy.
The UK government provides a lot of support for innovation through tax credits which reduce the risk of the investment and make R&D a cost-effective way to grow market share. We urge all businesses, accountants and professional advisors to take action to explore this valuable incentive and make the UK as competitive as its rivals in other countries.
If you want to find out more, or would like a second opinion on an existing claim, contact Momentum for a free confidential assessment to see how much you could claim, or enhance your current/past claims.
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