#rd-tax-relief

#rd-tax-relief

Research shows that the UK's R&D tax budget has only seen a 14% increase from 2007 to 2021, while countries like Japan and South Korea have made significant investments in their R&D budgets, increasing by 134% and 119% respectively. This stark contrast suggests the UK could potentially lag behind in fostering innovation and maintaining competitiveness on a global scale as other countries ramp up their financial support for R&D initiatives.