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UK looks to cut R&D red tape
The Government has launched a new independent review into UK research bureaucracy, which is intended to help researchers free up greater time to focus on projects. The latest review is part of a wider policy within Government to support publicly and privately funded research and development (R&D) across the country via the &D Roadmap, published…
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Chancellor outlines plans to improve R&D tax relief in the Budget
Standing before Parliament, the Chancellor Rishi Sunak outlined several plans to invest in innovative UK businesses and the research and development (R&D) sector. The nation has set a target to raise total investment in R&D to 2.4 per cent of UK GDP by 2027, with the country’s existing R&D tax reliefs playing an important role…
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How automation can help with accountancy skills shortages
A recent study from recruitment agency Hays shows that around four out of five accountancy practices in the UK experienced a skills shortage in 2020 due to staff absences and changes to their workforce. Mainly the result of COVID-19, the study highlights the difficulties that many accountancy practices are facing when it comes to maintaining…
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UK R&D Industrial Strategy Challenge Fund support by the National Audit Office
A report from the National Audit Office (NAO) has given the UK Research and Innovation’s (UKRI) Industrial Strategy Challenge Fund positive feedback after finding that it is helping academia and industry to engage better on research and development (R&D). The Industrial Strategy Challenge Fund was established by UKRI to improve long-term productivity within the economy…
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R&D: £213 million funding to support UK scientists
In January 2021, the Government announced they are investing £213 million into UK science, under their flagship Research and Development (R&D) Roadmap, which aims to make the UK the best place globally for scientists and researchers to live and work. This shared funding will upgrade the UK’s scientific infrastructure, enabling researchers in science facilities to…
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A new approach to identifying potential R&D tax claims
The R&D tax credit scheme continues to grow in popularity each year, but the number of claims made is still well below the number of projects that may be eligible for this relief. It is difficult to put an exact number on how much R&D tax relief goes unclaimed but previous attempts have estimated that…