UK launches new incentives for research-focused smaller companies

LONDON, March 15 (Reuters) - Britain announced new financial incentives to boost smaller research-intensive companies on Wednesday, in a move designed to help small and medium sized companies in the life sciences sector develop new treatments.

"It is a 1.8 billion pound ($2.2 billion) package of support helping 20,000 cutting edge companies who are turning Britain into a science superpower," finance minister Jeremy Hunt said as he presented his budget.

For qualifying companies that spend 40% or more of their total expenditure on research and development, they will be able to claim a credit worth 27 pounds for every 100 pounds they spend Hunt said.

($1 = 0.8280 pounds) (Reporting by Sarah Young; Editing by Kate Holton)

Messaging: sarah.young.thomsonreuters@reuters.net))

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

UK launches new incentives for research-focused smaller companies

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

Solid price gains for gold, silver after busy news weekend

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Silver prices breach $32/oz as bullish technicals and fundamentals suggest potential breakout