Innovation Fact of the Week: In UK, £1 of R&D Tax Credit Spurs £1.70 of Business R&D

John Wu April 1, 2016
April 1, 2016

The U.S. Congress recently made permanent the Research and Development Tax Credit and expanded it for small and medium-sized businesses. Judging from the experience of the UK where estimates show that £1 of R&D Tax Credit Spurs £1.70 of Business R&D, policymakers in the United States can now expect to see a significant increase in innovation.