Originally Posted by
elZorro
Correct, up to a point. That's why I believe innovation should be directed at smaller businesses, not the already large ones. Callaghan Innovation has plenty of taxpayer funds to give to large outfits, who don't need it and will spend most of it on new automation, reducing staff levels.
If you split the same money up and offer it to smaller businesses, they'll develop new exports and will have to take on more staff to do it. Labour's R&D tax credits were a simple way of doing that, hopefully within a few days they'll be back on the table for numerous SMEs.....