Dyson, a shining example of a UK business that’s right at the forefront of innovation through research & development, has announced plans to create more high-skilled jobs and advance its R&D activities with the construction of a second technology campus in the Cotswolds.
More on this story from The Engineer: New Dyson technology campus will create world class products and jobs
Successful businesses invest in their future. It’s great news that Dyson has committed to investing so much into growing its business in the UK with a further significant investment in its R&D. While most businesses’ investment decisions may not attract such wide publicity, it’s true to say that most companies do invest in developing products and services that meet the ever-advancing needs of their clients. In many cases this work, while not thought of as R&D, will often qualify for the UK’s R&D tax credit scheme. Due to the low corporation tax, current value of sterling, and the R&D tax relief scheme, the UK is a great place for businesses to do research and be rewarded for it.Steven Garrod, MPA Director