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A taxpayer-backed microchip champion has launched operations in the US after warning that meagre support from Britain could force it to move operations abroad.

Quantum Motion aims to make and sell revolutionary computers by the end of the decade

This Budget puts green growth centre stage Measures such as the 'super deduction' will help businesses even as we look to restore the public finances 4 March 2021 • 10:00am Coronavirus has impacted our economy and our society acutely: the economy has shrunk by a record 10pc, unemployment has sadly spiked and borrowing is at the highest it has ever been outside wartime. The support this Government has put in place to protect jobs and livelihoods throughout this difficult period has been exceptional – the challenge is now to implement pro-growth, pro-innovation policies to support the econ...

READ MORE This will “ensure the UK capital allowances regime is amongst the world’s most competitive” according to Gov.UK. Explaining what the scheme means, Portia Pierrel, Director of PwC, said: “The ‘super deduction’ represents a new increased temporary tax relief for companies who invest in certain qualifying capital assets from April 1 2021, and is anticipated to stimulate £25bn in business investment in the UK. "It is expected to benefit capital intensive businesses, such as manufacturers and utilities companies in particular. “This measure will allow a temporary first-yea...

Budget 2021: UK tech sector ‘delighted’ with spending plans For UK tech firms there was plenty to be happy about in this year's Budget The UK’s thriving tech sector has hailed Rishi Sunak’s spending plans in the Budget today, saying the chancellor was “backing tech in a big way”. Announcing the Budget this afternoon, Sunak unveiled a raft of new measures aimed at boosting both startups and established tech firms. “This government should be applauded for committing heavily to digital innovation as a route to the economic recovery and supporting jobs,” said Russ...