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...He set aside £520mn in his November Autumn Statement to “build resilience for future health emergencies and capitalise on the UK’s R&D strengths”....
...“These [R&D] changes only make other countries more attractive,” said Jacob Nathan, co-founder of Epoch Biodesign. “I’m just not convinced we’re going to scale in the UK now....
...According to the European Federation of Pharmaceutical Industries and Associations, a Brussels-based lobby group, the US attracted a third more R&D investment than Europe in 2010....
...But TSMC’s approach relies to a large extent on having the R&D team, which develops new process technology, only an hour-long high-speed rail ride away....
...Some business lobbies warn that the way some important US tax credits, such as for R&D, operate could reduce companies’ effective tax rate under the international rules and make them liable to top-up demands...
...The R&D is alive and well there.” Truckenmiller said the vaccine’s US launch should soothe concerns about the company’s broader pipeline of drugs....
...Ireland-based life science companies have tripled R&D spending, as they undertake higher value activities including manufacturing of complex biologic medicines....
...He added: “Our agreement ties together the really strong knot that already exists between scientists in Britain and Sweden, which we need to carry out R&D for the future of society.”...
...Val Miftakhov, chief executive of Anglo-American start-up ZeroAvia, which has received £15mn in grants to develop hydrogen-electric aircraft engines, said the UK excelled in early R&D....
...Letter in response to this article: Rejoining Horizon puts Britain back in the global R&D race / From Sam Laidlaw, Chair, National Centre for Universities and Business, London SE1, UK...
...“We are prepared to support our R&D sector in all scenarios,” a spokesperson said....
...It combines a sweeping blend of proposals to fund more R&D within the UK, enhance the country’s research infrastructure, develop new international collaborations and train more scientists and engineers....
...The data cited related to R&D spending, not total group revenue growth, which following the revisions were broadly unchanged....
...“Not associating Horizon Europe will simply reduce the UK’s R&D attractiveness and incentivise businesses to invest in R&D elsewhere,” said Reid....
...When announcing the transaction last year, Amgen had said that Horizon’s pipeline of medicines would “strongly complement” its R&D portfolio....
...“The EU’s delays over the last two years have had a damaging and lasting impact on UK R&D,” said a UK government spokesperson....
...The UK’s share of global pharma R&D has dropped sharply since 2012, from 7.7 per cent to 4.2 per cent in 2020....
...“You should be able to have a blues tune next to a country tune next to a jazzy tune next to an R&B tune,” she says....
...“What the R&D sector needs to see is a clear signal from both the UK government and EU that full UK participation in EU programmes remains the priority, so that talks can begin in parallel to Windsor framework...
...D start-ups — for the government to close this deal.”...
...Critics say that planning permissions and R&D funding allocations take too long and that the UKRI, the primary funder of research and innovation, is “ponderous” and “bureaucratic”....
...The government said its approach aligned with its “levelling up” commitment to rebalance R&D spending outside the south-east....
...To further support research and development, I am creating a new simplified R&D tax relief, combining the existing R&D Expenditure Credit and SME schemes....
...Ensuring R&D tax incentives remain attractive is also crucial to support spending by growth sectors such as biotech....
...Harnessing the UK’s success at producing start-ups means channelling more investment into innovative firms; a forthcoming cut to R&D tax credits is a step backwards....
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