UK Prime Minister Announces Post-Brexit Boost for Science R&D

November 21, 2016

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: https://www.theguardian.com/science/2016/nov/21/theresa-may-to-promise-2bn-a-year-for-scientific-research   The Telegraph: http://www.telegraph.co.uk/news/2016/11/21/theresa-may-cbi-corporation-tax-brexit-live/