As announced today by the Chancellor, a £1.25 billion support package will be issued to companies driving innovation in the UK. This support package is in response to the Coronavirus crisis. From the £1.25 billion announced, £750 million will go directly to research and development (R&D) for SMEs. This funding will come in the form of grants and loans.

Braithwaite is welcomed and excited by the news of an increase in R&D for companies within the UK. We will continue to monitor the situation in the UK and provide up-to-date information on the ever-changing world of R&D due to the Coronavirus.

Source: Gov.UK https://www.gov.uk/government/news/billion-pound-support-package-for-innovative-firms-hit-by-coronavirus