Motoring sector R&D spending collapses 9% — analysis of latest ONS data by tax relief consultancy Catax

Motoring sector R&D spending collapses 9% — analysis of latest ONS data by tax relief consultancy Catax
UK MOTOR INDUSTRY R&D SPENDING COLLAPSES 9% Manchester, 23 November 2020 – R&D spending in the UK motor industry has slumped 9% annually, analysis of the latest ONS data by R&D tax relief specialists Catax shows. Total motor sector spending on R&D fell to £3.42bn last year, a decrease of £338m from a record high of £3.75bn registered a year earlier1, according to data released on Friday. The industry now employs 22,000 people directly involved in R&D, however, the latest spe...

Comments

Post a Comment

Popular posts from this blog

South Wales petrol station sold to experienced local retail operator

Image
Old Pump Filling Station in Saundersfoot, Dyfed has been sold through specialist business property adviser, Christie & Co, to experienced retail operator, Arumugam Satheesh, with funding secured through specialist commercial finance broker, Christie Finance.Located in the Welsh village of Pentlepoir on the busy A478 road from Cardigan to Tenby, The Old Pump Filling Station benefits from extensive tourist traffic heading to and from Saundersfoot and Tenby, two of the most popular leisure desti... Read the full story
Read more

Fastned opens first fast charging station in Germany

Image
First step in the roll-out of a nationwide network of hundreds of stations Amsterdam, 22 June 2018. Fastned, that is building a European network of fast charging stations where all electric cars can charge, will today open its first station in Germany. The fast charging station is located along the A3 highway at Limburg an der Lahn (exit Limburg-Süd) and has several 350 kW chargers. This allows electric drivers to charge up to 100 times faster than at home, making it possible to travel long... Read the full story
Read more

Increasing Uncertainty is Placing Strain on UK Business Leaders

Image
81% of UK business leaders admit to being placed in situations where they found it difficult to remain calm and clear-headed More than a third (37%) of leaders said they found it hard to prepare and express their thoughts under pressure Failing to maintain eye contact (30%), slouching (25%) and physically shaking (21%) named as the most common physical symptoms of leaders under stressUK business leaders are struggling to cope with the pressures of a rapidly changing world. Increased competit... Read the full story
Read more