ABGI news from across the UK and the world

Vehicle automation

While there is evidence to suggest that progress towards driverless vehicles should be incremental, automated driving features in vehicles are coming along in leaps and bounds.

Robotics & robotic process automation (RPA)

The global pandemic has caused many organisations to take another aspect of AI-linked technology seriously – autonomous robotics.

AI → natural language processing (NLP)

It’s safe to say AI has come into its own, with natural language processing (NLP) now able to generate content that isn’t readily distinguishable from human-generated content.

What will happen to Grant Funding after Brexit?

As uncertainty over ‘Brexit: Deal or No Deal’ continues amid the stop and start negotiations between the UK Government and the EU, many innovation-focused businesses here will be feeling a growing sense of anxiety about the future of grant funding programmes.

Tighter controls and further regulation needed to combat erroneous and fraudulent claims

Innovation funding specialist ABGI UK has called for stricter measures and greater regulation of advisers after more than £300m incorrect and illegitimate R&D tax claims were identified within HMRC’s annual report.

How startups can use their intellectual property to claim R&D tax relief

Research and development tax relief is a useful tool to help startups claim cash or cut their tax bill.

2020 HMRC R&D tax relief statistics

Since 2000-01, when the R&D tax credit schemes were launched, over 300,000 claims have been made and £33.3bn in tax relief claimed.

Perovskite crystal solar panels

Next generation of solar panels promises to revolutionise the green energy industry.

Innovation – a route out of crisis

The last six months have been devastating to a huge number of businesses, but we have also seen real innovation - either out of necessity or responding to opportunity. Going forward, securing funding to maintain or kickstart innovation will be critical to SMEs across the UK.

New HMRC Stats Show Rise in Welsh R&D Tax Relief Claims

Wales has seen another rise in R&D (research and development) tax credit claims, according to statistics released by HMRC.