Budget brings £150m tax cut on small firms’ R&D spending

A £150m tax cut on small firms’ R&D spending is among measures in Chancellor Gordon Brown’s Budget. The move was welcomed by the sector as raising awareness of research, though some small companies said paperwork still remains the biggest barrier as they try to find time for innovation.

A £150m tax cut on small firms’ R&D spending is among measures in Chancellor Gordon Brown’s Budget. The move was welcomed by the sector as raising awareness of research, though some small companies said paperwork still remains the biggest barrier as they try to find time for innovation.