Archangels responds to the UK Government’s Spring Budget

Commenting on today’s Spring Budget, David Ovens, Joint Managing Director of Archangels, said:

“We welcome the UK Government’s decision to reverse cuts to the R&D tax credit regime for small businesses. These credits will continue to play an important role as a source of cash for early stage, often loss making, companies, particularly in the technology and life science sectors. Combined with the Government’s plan, unveiled last week, to make the UK a beacon of science, technology, and innovation, there are promising signs that our policy makers are beginning to realise the potential of these sectors to our prospects for economic growth.”