It is without doubt that there are uncertainties and challenges for many business’s. Uncertainties create problems for business, with funding, short-term cash flow and staffing.
If business’s are feeling the strain then R&D tax credits can help.
Research and Development tax incentives were introduced in 2000. Their aim is to provide businesses with a corporation tax reduction or cash boost for investing in innovation. The incentive is to stimulate the private sector investing in innovation.
Many eligible businesses fail to claim these tax credits.
R&D is everywhere. It can be in any sector of business, any size of business. If new products, services or processes are being created or existing ones are being modified then it may be that they are carrying out R+D and are not aware.
The EU’s funding will almost certainly not be available when we leave the EU.