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The EmpowerRD Blog​

Insights and ideas to enrich your innovation, navigate the complex funding landscape, and enhance the quality of your R&D tax credit claims.

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The Impact of the Autumn Budget 2024 on Innovative Companies and R&D

Yesterday, Chancellor Rachel Reeves presented Labour’s first Autumn Budget since returning to power, addressing the UK’s £22 billion fiscal shortfall with a balanced approach of cost-saving measures and strategic investments. With £100 billion allocated for R&D, infrastructure, and technology over the next five years, the Budget aims to drive growth while maintaining stability. For innovative companies, the unchanged R&D tax relief provides a much-needed respite from recent reforms, allowing companies to confidently use these incentives to support growth. Additionally, changes ...
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Insights from 300 UK Tech founders and finance leads

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Latest posts

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What is Innovation?

In a time where AI and Machine Learning are unlocking new horizons in business, it is crucial for companies to grasp the importance of understanding

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The state of R&D tax credit enquiries

As we step into 2024, it’s important to acknowledge the evolving landscape of R&D tax credit claims, which now demand more attention. HMRC has implemented