Archangels responds to the UK Government’s Spring Budget
Archangels For more information see press release Pic Peter Devlin
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.”
