UKWA highlights R&D tax credits as funding opportunity for ‘digital journey’
August 9, 2021
UKWA is urging members and the wider logistics sector to investigate the significant funding opportunity of government R&D tax credits.
Introduced back in 2000, the incentive has been largely under used by warehousing and logistics businesses, despite the sector’s reputation for innovation.
The tax incentive chimes with UKWA’s strong message that members must keep up with technology and join the digital world or be left behind.
The COVID-19 lockdown has driven an explosion in online shopping, which experts agree is likely to continue and accelerate. Accordingly, retailers are looking to 3PLs to help them streamline their fulfilment and home delivery services, in turn driving requirement for more automation. R&D tax credits can help fund a sizable part of a company’s investment in such digital transformation.”
UKWA recently joined R&D tax credits specialist (and UKWA Associate Member) ForrestBrown, to deliver a webinar explaining the benefits and how to get involved.