Recent research reveals that the global cybersecurity market is estimated to rise to £180.77 billion by 2023. In 2018 the market reached £111.23 billion, and this estimated increased number represents a Compound Annual Growth Rate (CAGR) of 10.6 per cent. Due to the numerous key individuals and tech companies residing in North America, this region…

In the 2020 Budget, £10 million of funding was allocated to Research and Development (R&D) to help internationally-known distilleries in the UK go green by switching to low carbon fuel. The ‘green industrial revolution’ is in its initial funding phase to ensure carbon emissions decrease, and new green jobs receive the necessary support. With the…

The Government has stated its changes to the Research and Development (R&D) tax credits system for small and medium-sized enterprises (SMEs), which aims to decrease the number of claims for projects that the system was not initially intended to cover. The SME R&D tax credits allow loss-making businesses to claim a tax credit worth up…

As we prepare to enter a new year, businesses must take a moment to reflect on the last 12 months as they put plans in place for 2021. For most businesses, the events of 2020 will have been completely unprecedented and how each company has reacted to this crisis will be unique. However, out of…

A new study has shown that UK tech start-ups have accessed more funding in the last year than new businesses in France and Germany combined. According to The State of European Tech report, from venture capital firm Atomico, tech firms in the UK attracted capital funding worth around £37.4 billion within the last five years…

The UK Government has funded £22.5 million into five advanced research centres in Exeter, London and Loughborough, so industries can tackle waste, drive recycling and bounce back more sustainably from coronavirus. Recycling of chemicals, construction, electronics, metals and textiles will now be more feasible with this funding. Many sectors welcome this news, particularly the UK’s…