Newly released HMRC figures show Inner London companies once again securing a major share of R&D (research and development) tax relief with £825m paid out in 2016-17.
That the future of manufacturing is digital is undeniable, but there remain questions around how best to digitise, and what is at stake if companies do not.
n the early 2000s, smart materials began to be developed which have the inherent ability to repair damage to themselves without intervention, just like skin, bone and living tissue would do.
New HMRC statistics show an increase of 688% in the amount of R&D tax relief savings being claimed by West Midlands companies over the last seven years.
Newly released HMRC statistics show an increase of 714% in the amount of R&D (research and development) tax relief savings being claimed by Welsh companies over the last seven years, the second highest level of growth across the UK.
New statistics show that manufacturing companies are falling behind their counterparts in the information and communication sector in making R&D tax relief claims.
Beer-to-water ratios, eliminating second rinses and steam recapture, are now common parlance among brewery managers more used to talking about mash tubs and fermentation vessels.
Recent innovation by SMEs and academia has led to several exciting new material developments with implications for a wide variety of different industries.
Since it was introduced by the UK Government in 2000, Research & Development (R&D) tax relief has proven to be an excellent measure, driving forward competitiveness in many British businesses, including a significant number of manufacturing companies which are ideally placed to secure this rebate.
“Without imagination, science is nothing,” said self-proclaimed eccentric, the late, great Troy Hurtubise. Unfortunately for this 1998 winner of the Ig Nobel Prize for Safety Engineering, Troy’s weird and wonderful ideas weren’t always supported by hard scientific fact.
