BioCentury
ARTICLE | Politics, Policy & Law

BIA calls on U.K. to bolster £1B relief package by advancing R&D tax payments

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April 21, 2020 9:46 PM UTC
Updated on Apr 21, 2020 at 10:13 PM UTC

The BioIndustry Association is calling on the U.K. government to advance payments from its R&D tax credit system to unlock five times the capital being offered under a new £1 billion ($1.2 billion) plan to support the country’s innovative businesses.

Chancellor of the Exchequer Rishi Sunak Monday announced the support package to help offset financial struggles stemming from the COVID-19 outbreak...