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Business and innovation

Business and innovation

Here’s why tax credits for research and development are vital for physics-based businesses

31 Jul 2023 James McKenzie

R&D tax credits can help to keep hi-tech firms afloat, which is why James Mckenzie welcomes a new plan to make the system in the UK much less complex

Business meeting
The price of success R&D tax credits can be vital for small hi-tech firms, but they can be hugely complex to apply for, which is why plans for a single, simplified scheme in the UK look so promising. (Courtesy: iStock/Natee Meepian)
A big reason why the UK is an attractive place for small businesses is the existence of research and

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James McKenzie is the writer of the Transactions column for Physics World about physics in industry. He is writing here in a personal capacity
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