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Sector News

Sector News

Victory for tax payer in R&D tax case on SME status, Pyreos Limited vs HMRC

When it comes to R&D tax credits, small or medium sized businesses ( SME)  enjoy a much larger credit  or refund of roughly 3x that of  large companies. 

Normally qualifying as a SME  is a straight forward assessment.  However complications can arise where a SME receives an equity investment. 

Applications Now Open for Leading Science and Technology Business Incubator


The Catalyst Centre at the University of Southampton Science Park is once again welcoming applications from budding entrepreneurs with an intriguing technology or science led business idea. Limited places are available from September 2015. It’s not essential to have commercial experience or even a business plan at this stage – just a great concept and the drive and determination to succeed. Successful entrants should expect to be based at Southampton Science Park.

Enterprise M3 Growth Hub Contract Awarded

The Enterprise M3 Local Enterprise Partnership (LEP) has announced that the contract to manage and run the Enterprise M3 Growth Hub has been awarded to a partnership led by the BE Group.

ELI (Extreme Light Infrastructure) Industry Day

UKTI is hosting an ELI (Extreme Light Infrastructure) Industry Day in Didcot on 8 April. 

£16 million boost for agricultural innovators

Over 70 UK businesses and universities to share £16 million from government and industry to develop business ideas and boost UK agriculture.

LATi Energy showcase at Loughborough Design School

LATi is to hold an all-day Energy Showcase event and exhibition for companies that work in energy and sustainable energy, as well as groups and organisations that are looking to generate energy to meet the needs of their local community. 

Energy Systems Catapult: Birmingham location for new centre

A new technology and innovation centre, the Energy Systems Catapult, will be located in Birmingham. The centre will exploit commercial opportunities for new products and services created by the transformation of energy products.

UKSPA Budget Summary

Alongside the headline announcements on tax and savings the March 2015 Budget also included announcements on Technology Incubator Investment, Enterprise Zone extensions, investment in Catapult Centres and scientific infrastructure.

The Headlines

The Chancellor outlined a series of measures to lower and simplify tax for business owners, including a headline corporation tax cut to 20 per cent.

Osborne said that Britain would now have "one of the lowest rates of any major economy in the world" following the cut.

Innovate UK's new CEO announced

Business Secretary Vince Cable has (12 March 2015) announced the appointment of Ruth McKernan as the new Chief Executive of the UK’s innovation agency, Innovate UK.

Innovation Grants for Enhancing User Experience

This month, InnovateUK will be launching two new funding competitions for SMEs examining innovative solutions for improving user experience. Funded projects will aim to understand, anticipate and interpret user needs and behaviour, in order to design products and services that provide a good user experience. Application deadlines for both programmes will be May 6, 2015