Kirby & Haslam Research & Development

Research & Development in the United Kingdom

Research and development (R&D) plays a vital role in the United Kingdom’s economy, helping to drive innovation, increase productivity and competitiveness whilst also supporting growth. The UK has a long-standing tradition of scientific and technological excellence and is home to many world-leading universities and research institutions. 

Recognising the importance of R&D, the government launched the scheme in 2000 to encourage companies to invest in innovation. In recent years, the UK has established itself as a hub for tech start-ups, and the government’s initiatives have helped create a supportive ecosystem for such businesses, providing access to funding, mentorship and further resources to help growth within the UK economy. 

According to data from the Organisation for Economic Cooperation and Development (OECD), the UK ranks third in the world in terms of R&D investment as a percentage of GDP. These investments are helping to drive innovation and growth, attracting international talent and companies to the UK. 

Research & Development raises business productivity, creates high-value jobs and can solve national challenges. Innovation is not only key to rejuvenating existing industries, but also for building strong foundations for new ones. Whether in terms of new products or services, improved business processes, or new communication systems, these innovative projects can result in greater profits whilst also reducing expenditure.  

The Future of R&D in the UK 

The United Kingdom’s world-class universities and research establishments are key to our ecosystem, providing a pipeline of talent, knowledge and expertise, supporting the country’s innovative institutions and businesses, driving collaboration and the commercialisation of new technologies.  

The UK’s strong tradition of scientific and technological excellence, combined with supportive government policies and private sector investment, places us at the forefront of innovation projects, and Research & Development plays a crucial role in the economy, resulting in the country being well positioned to continue to drive R&D innovation in the future.  

Our team of specialist R&D experts are happy to answer any questions you may have about R&D Tax Credits or RDEC, contact us today for more information.  

The next step

Our team of specialist R&D experts are happy to answer any questions you may have about R&D Tax Credits or RDEC, contact us today for more information. 

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