Derek Allen, the Lead Technologist for energy generation and supply at Innovate UK, has today spoken of the importance of UK SMEs in creating a “new dawn” for the UK’s nuclear energy sector. With most existing nuclear plants set to reach the end of their lifespan by 2030, it is crucial that UK companies play a major role in the design and construction of a new generation of nuclear facilities.
With the Chancellor’s Autumn Statement increasing the rate of the R&D Expenditure Credit (RDEC) from 10% to 11% from April 2015, there has never been a better time to apply for R&D grant funding whilst simultaneously benefiting from R&D Tax Relief.
Innovate UK has launched a new grant competition which will see up to £7.5 million invested in collaborative R&D projects and feasibility studies to develop data sets which can transform local services in towns and cities.
In his Autumn statement the Chancellor George Osborne has announced £61m of extra government funding for the Network of High Value Manufacturing Catapult Centres.