Welcome to the third podcast in our series, "Empowering Innovation: Trends and Triumphs!" In this episode, Madison Smith, EmpowerRD's Business Development Manager, chats with Hari Sandhu, EmpowerRD's Founder and Executive Chair, as they discuss the implications of the recent Spring Budget for UK innovation and R&D tax credits.
In a surprising turn of events, this year's Spring Budget was notably quiet on the R&D tax relief front, marking a pause in the rapid changes we've seen in previous years. However, significant undercurrents, such as the impending merger of the R&D tax relief schemes, are set to redefine the landscape, so we’ll recap on that. We'll also unpack some additional announcements that could shape the future of R&D tax relief and innovation.