
UK Prime Minister Announces Post-Brexit Boost for Science R&D
November 21, 2016
UK Prime Minister Theresa May has outlined a £2 billion ($2.47 bn) annual fund for scientific research and development in the UK, as well as a review of tax incentives - giving Britain the lowest corporation tax in the world's top 20 economies - for innovative companies in an effort to boost the technology industry. In a speech at today’s annual Confederation of British Industry conference in London, May announced increases in government investment worth £2bn a year by 2020 and a new Industrial Strategy Challenge Fund to back priority technologies, such as robotics and biotechnology, The Guardian reports. The Guardian:
Newsletter
Lead with insight with the Pharmaceutical Executive newsletter, featuring strategic analysis, leadership trends, and market intelligence for biopharma decision-makers.




