R&D and innovation news: Update on R&D tax credit and grants

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The Government is committed to supporting increased business R&D, including through an R&D tax credit.

Ministers are yet to make any decisions on a tax credit or changes to R&D grants.

MBIE, Callaghan Innovation, and Inland Revenue are working together on the Government’s commitment to increasing business R&D.

Until decisions are made, the current grants system remains in place and grant applications can be made as usual.

Feel free to contact us at the resources guys if you’d like professional assistance securing Callaghan Innovation grant for your R&D.