Government support for innovation and startups in the UK

The UK government offers a range of tax incentives and programmes to promote competition and innovation including:

• the Enterprise Investment Scheme
• the Seed Enterprise Investment Scheme
• Entrepreneurs’ Relief
• research and development tax credits
• the Patent Box scheme, where companies pay a lower rate of Corporation Tax on profits earned from their patented innovations

The government also has up to 50 billion GBP available to support finance and insurance for supplies from within the UK to buyers outside the UK. This support takes the form of guarantees, insurance and loans issued by its export credit agency, UK Export Finance.

For more info on UK Innovation – https://invest.great.gov.uk/industries/financial-services/financial-technology/?utm_source=LinkedIn&utm_medium=Social&utm_content=LinkedIn_AU_FinTech_FT_v1&utm_campaign=IIGBQ11819

Posted on October 5, 2018