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. introduce tax and investment incentives for high-intensity R&D industries such as:
. a bespoke R&D tax credit for companies in sectors that fall within the ‘families of UK strength and opportunity’ as set out in the Innovation Strategy.
. full expensing for non R&D plant and machinery, in addition to structures and buildings, for key sectors.
. establishing an Emerging Technologies Strategic Investment Fund (ETSIF) within the British Business Bank to court international capital for the UK’s emerging technology industries
Improve the immigration system for highly skilled STEM graduates and emerging technology firm workers.
Add flexibility to the planning system to encourage the construction of scientific infrastructure such as laboratories and manufacturing plants.
Strengthen the focus on semiconductor policy within Whitehall.
“Government can best help by cutting taxes and energy costs” – yeah, but there’s not enough $$ to go around so you have to target where the $$ goes, not make it a free for all. Trouble with the above is that they don’t seem to have a f***ing clue, so it’s filled up with wankum instead. All of the above is totally meaningless like “‘families of UK strength and opportunity’ as set out in the Innovation Strategy??? on it’s own, it’s just gobshite.
Very true Fred. There have been a few good government support programmes for semis – the VLSI Project, Sematech, Jessi were successes – but many more which achieved little. All that government can do is put money towards it and the trick is the targeting of the spending,
Government can best help by cutting taxes and energy costs.