Research and development is at the heart of the governments’ plans for future economic stability and growth.
Investment in R&D is to hit to 2.4% of GDP by 2027 (from 1.7% in 2018) and £725m has been made available through various financial support initiatives.
But funding is regularly cited as a barrier to R&D or innovation. There are multiple routes to explore if you’re looking to finance development of a great idea, including through tax reliefs, loans, private equity, crowdfunding, and grant funding so how do you navigate this confusing landscape?
Composites UK members can get free insight and advice from innovation-first tax, accounting and business advice specialists MPA.
Composites UK members can click here for more details and advice (login required)