IT industry issues from Intellect - read our blog...
Politics, life after the reshuffle and the credit crunch
Concept Viability: Early engagement with industry
02/11/2006
According to the DTI's 2006 R&D Scoreboard, published on 30 October 2006, there has been a £2 billion rise in UK companies' R&D investment. Intellect welcomes this apparent increase in R&D by UK companies, although much of it arises because of changes in international accounting rules. The headline R&D target that the government focuses on is R&D undertaken in UK, as a % of GDP. UK is is currently lagging at less than 1.9%, with a target of 2.5% by 2014. The scoreboard records R&D undertaken here and abroad. Intellect estimates that the headline (UK based) achievement may advance by 0.1% - much of it a one time effect and so there is no real basis for believing that we are on target for 2014. Intellect recently ran a one day course for 50 HMRC tax inspectors on the software industry to give them a better undersatnding of the industry. Tom Wills-Sandford, deputy director general of Intellect said "We welcome the reported increase in software R&D and look forward to a continuing increase in software R&D in UK, with tax inspectors having a much better understanding of the issues. Software is an all pervasive technology and is the glue that holds the knowledge economy together".
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