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Will The Government Build A Britain Fit For The Future?
People looking for commercial scaffolding will be pleased to hear that the Government has just unveiled its first industrial strategy in years.
The white paper, Building a Britain Fit for the Future was released on 27th November and seeks to lay out how new technologies and invention can be incorporated into our construction industry, to help it grow.
The Government has promised to:
- Make it easier for businesses to find relevant information.
- Make the Government more streamlined and responsive when negotiating deals.
- Attract investments from multinational businesses and foreign sources.
- Help businesses to base their operations in the UK as it leaves the European Union.
- Identify support needed by businesses.
- Increase R&D funding and opportunities in the UK.
- Increase the rate of R&D tax credits for large firms (R&D Expenditure Credit) from 11 per cent to 12 per cent from 1 January 2018
- Encourage multinational firms to base their European offices in the UK.
- Boost digital infrastructurewith more than £1 billion of public investment.
- Support electric vehicles through £400 million charging infrastructureinvestment.
Prime Minister Theresa May said; “Our modern Industrial Strategy will shape a stronger and fairer economy for decades to come. It will help create the conditions where successful businesses can emerge and grow […] such as artificial intelligence and big data.”
The publication of this white paper follows a green paper published earlier in the year which explored the challenges many people in the construction industry face.