U.K. government to spend additional £2 billion on R&D to bring country to cutting edge of science and technology

Briefing

U.K. government to spend additional £2 billion on R&D to bring country to cutting edge of science and technology

March 15, 2017

Briefing

  • R&D Investment – U.K. government investing extra £2 billion per year on research and development (R&D) to bring country to cutting edge of science and technology, including funding support for robotics and artificial intelligence
  • Tax Reform – Promised to provide tax relief for innovative businesses, with aim of having lowest corporate tax rates among G20 countries
  • SME Procurement – Will increase procurement spending on small- and medium-sized enterprises (SMEs) to 33% by 2020

Market Disruption

Sector

Information Technology

Source

Original Publication Date

November 21, 2016

Leave a comment