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ARTICLE · 12 OCTOBER 2004

Credit where credit’s due

Deloitte
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At the heart of engineering is the quest to conquer uncertainty through innovation. This can apply in relation to the laboratory formulation of a new compound or an attempt to exceed the recognised barriers of a manufacturing process. To engineer is to create, and yet there seems to be reluctance in many organisations to explore outside their research or product development departments for innovation that would qualify for the generous UK Research and Development incentives.

United KingdomStrategy
Julian Thomas
Julian Thomas
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At the heart of engineering is the quest to conquer uncertainty through innovation. This can apply in relation to the laboratory formulation of a new compound or an attempt to exceed the recognised barriers of a manufacturing process. To engineer is to create, and yet there seems to be reluctance in many organisations to explore outside their research or product development departments for innovation that would qualify for the generous UK Research and Development incentives.

So why is it that despite government encouragement to claim the most attractive development incentives ever available to UK industry, many organisations still do not believe that they are eligible to claim? A major deterrent seems to be an under estimation of their innovative activity.

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