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£100m fund to attract global researchers in wake of #Brexit

£100m fund to attract global researchers in wake of #Brexit

Good news for the UK. The Government has announced £100 million fund to attract foreign researchers in the wake of the vote to leave the European Union.

In what has been called the first major reform of R&D funding since 1965, the fund aims to make the UK the “go-to place” for science.

Jo Johnson, Minister of State for Universities and Sciences, outlined the UK ambition to be ‘go-to country’ for innovation and discovery, even after Brexit.

Mr Johnson said that the new fund was designed to help the UK to attract “the brightest and best minds” and to maintain its position “as a world leader in science and research”, as the country prepares for Brexit.

In addition, the government has a target of increasing R&D spending to 2.4 per cent of GDP in the next ten years.

This is certainly good for business. The commitment to additional funding in R&D shows the governments intentions to uphold minaifesto commitments in this sector. Hopefully we'll see similar moves with the tax regime.

Further reading:

Science Business

 

Times Higher Education Supplement

 

 

Philip Hammond hints at plans for UK Economy

Philip Hammond hints at plans for UK Economy

Philip Hammond, Chancellor of the Exchequer, took the opportunity at the Mansion House speech on Tuesday to hint at his plans for the UK economy.

At a time of uncertainty within the UK and with Brexit negotiations having already started, Mr Hammond stated that the economy was the highest priority. Importantly, he stepped away from the approach of the previous Government suggesting that the economy will require higher tax revenues and public spending as we leave the EU.

Quoted from The Telegraph:

Philip Hammond has set out plans to give austerity "weary" Britain a boost as he signalled that the Government was prepared to borrow more to invest to lift growth and raise living standards.

The Chancellor said the country had been hit by "seven years of hard slog" and that the general election result, which left the Tories without a majority, showed that policymakers needed to make the "case for growth".

Mr Hammond told a City audience at Mansion House that the Conservatives would focus on "domestic weaknesses that have plagued [the UK economy]" including underinvestment, chronic skills shortages and the North-South divide.

As Brexit negotiations begin, Mr Hammond also stressed that promoting trade and remaining "open to talent" would be vital, as he restated the case for a transition period to cushion the UK's exit from the EU.

Corporation tax has recently reduced to 19%  and the future plans to go as low as 17% might yet change. We will know more in the next Budget. 

However, the emphasis on helping the economy will be welcomed by innovative businesses and all those wanting the UK to continue to be competitive.

Hundreds of companies to attend Nottingham Business Expo 2016

Hundreds of companies to attend Nottingham Business Expo 2016

Hundreds of Nottingham companies are expected to come together at the Motorpoint Arena on March 3rd for the Nottingham Business Expo.

The second annual Expo is a chance for companies to network, promote and encourage new business.

Organiser Andy Whyles, from events firm All About Tourism said: "We are extremely proud to be hosting the 2016 Nottingham Business Expo at the newly named Motorpoint Arena.

"With the success of last year's event we are keen to make sure that this year exceeds that and that event cements itself in the regional business calendar for years to come.

Many companies are exhibiting again this year after the positive impact the event had on their companies.”

We are exhibiting on the day and Alex Atkin has stated: "We are excited to be exhibiting for the first time and we're very much looking forward to being a part of this event."

There will be roughly 70 stands, 15 hubs and 26 concourse stands plus outdoor space at this year's event.

The Expo will run from 9am and finish at 4pm on March 3.

Political speaker and television presenter Andrew Neil and founder of lastminute.com Brent Hoberman will be speaking on the day. Paul Southby, Chairman of Marketing Nottingham and Nottinghamshire, will also be speaking on the day.

The Dragon's Den style 'Bull Pit' competition where businesses will have the opportunity to present an idea, invention or plan to a panel of Nottingham's business experts.

After the Expo there will be an evening networking event that will take place in the Bolero Suite at the Motorpoint Arena Nottingham open to all delegates and exhibitors.

To book tickets for the event go to businessexhibition.gigantic.com/nottingham-business-expo-tickets.