Innovate UK launches Digital Economy Strategy

The Government’s innovation funding agency, Innovate UK, has launched its Digital Economy Strategy covering the period 2015-2018.  The strategy will see government intervention totalling £120m over the 4-year period, to be invested in programmes such as Research & Development grant funding; the Digital Catapult centre; the Open Data Institute and Tech City UK. Read more

UK mobile innovation leads the way at MWC 2015

The 2015 Mobile World Congress kicks-off Barcelona on 2nd March with over 80,000 attendees expected to see the latest technology launches from global vendors in the mobile industry and listen to keynote speakers, including for the first time Facebook founder Mark Zuckerberg. Read more

Proposed changes to R&D tax relief legislation from 1st April 2015

The government has proposed changes to the R&D tax relief regime to take effect from 1st April 2015. These include increases in the SME deduction rate from 225% to 230% and restrictions to claims for materials costs, when the materials used in the R&D are included in the product that is sold.

Because of the impending election on 7 May, these changes may only be confirmed in subsequent legislation.

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Driverless cars given green light for testing on UK roads

The UK government has announced that trials will begin this summer on prototype driverless cars using public roads in Greenwich, Milton Keynes Coventry and Bristol.

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Limits on R&D tax credit claims proposed in Australia

Seemingly going against the global consensus of increasing companies’ tax breaks for innovation, the Australian government this week announced its intention to retrospectively restrict R&D tax credits to an annual expenditure cap of $100 million per claimant with effect from 1 July 2014.

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