A consultation document from the Government published on Friday acknowledged there was “merit to the case for further support” to small and medium-sized businesses
Treasury decision to renege on annual £22bn target for Government R&D spending means £11bn private investment in British tech will go elsewhere, warns expert
Companies who allocated more of their R&D budgets to software offerings reported significantly faster revenue growth than others according to PwC research.
Access to cash is a necessity for all growing firms, in particular emerging hi-tech businesses for whom meaningful revenues remain some way off. Government grants offer an attractive alternative to venture capital and debt for such firms.
Businesses involved in leading-edge research and development projects have the opportunity to bid for a share of £80 million, as part of a Government initiative to boost the level of innovation in the UK.
