R&D TAX REFLIEF
It has never been more important for the UK’s manufacturing industry to maintain high levels of R&D as it is today. In a world of interconnected devices and smart factories, the ability of a manufacturer to innovate and adapt to its customers’ requirements is vital. For many manufacturers, the road to innovation starts with R&D. Improving processes, retooling of equipment and better quality control all play their own part in allowing UK manufacturers to be competitive in the increasingly crowded market and the lower levels of cheap labour that is present in the country.