Higher EU agricultural subsidies helped the farming business of Sir James Dyson to make a profit for the first time last year. Beeswax Dyson Farming generated a pre-tax profit of £747,000, compared to a loss […]
The Scottish Government has given £1.9m to The Oil & Gas Technology Centre (OGTC) to fund a new National Decommissioning Centre of Excellence (NDCE). The NDCE will be hosted by Aberdeen University and will be […]
The Universities of Leicester, Southampton, Surrey, Edinburgh and Open University have been given £4.8m by the government’s Connecting Capability Fund to fund research and innovation in the space industry. The universities are part of the Space […]
As part of its Industrial Strategy, the UK government is investing an additional £8m into a programme aimed at commercialising university research. The programme is funded by Innovate UK as part of UK Research and Innovation […]
Three projects in the North East of England were awarded a total of nearly £15m as part of the Industrial Strategy, Government announced in late-March 2018. Recipients include Northern Accelerator, a university consortium led by Durham […]
The government announced in March 2018 that the Midlands-based Worcestershire 5G Consortium has been awarded £4.8m to develop testbeds for 5G digital infrastructure. The award is part of a £25m package to develop 5G infrastructure […]
The UK government has provided funding for a study focused on figuring out how to incentivise drivers of electric vehicles to support the power grid by using vehicle-to-grid (V2G) charging points. The study, titled Vehicle to […]
Farming Minister George Eustice announced a new £60m grant scheme that will enable UK farmers to access funds for the purchase of new equipment. Announced in early February 2018, the Countryside Productivity Small Grant Scheme […]
The UK Science Minister, Sam Gyimah, announced £70m in funding for the creation of new manufacturing centres that will focus on developing new medicines. The money will be distributed through the Industrial Strategy Challenge Fund and […]
The Herald reported in December 2017 that DuPont Tiejin Films had been awarded a nearly-£1m grant to support innovation at its Dumfries factory in Scotland. The funding, from Scottish Enterprise, is said to have secured […]
In late-October 2017, the government announced the availability of £3.5m in funding for existing innovations that are already in use elsewhere and that can be applied to the rail industry. The fund, from the Department for […]
In late October 2017 the Department for Environment, Food & Rural Affairs announced £40m in a new grant scheme for investment in farm technology and equipment. The Countryside Productivity Scheme is available to both farmers […]
Driverless cars, also known as or autonomous vehicles, stood out on Tuesday as a key point of focus in the Autumn Budget. One of only a few specific technologies mentioned in the budget — along […]
The UK will devote another £17 million in funding to businesses within the life sciences, Chancellor Philip Hammond announced in late October. The funding is a part of the UK’s industrial strategy and will be […]
In my report on the British Corporate Welfare State, I pointed out that tax credits and housing benefits subsidise employers. In the report, I estimate that tax credits and housing benefits make up almost half […]
Phil Bicknell, Market Intelligence Director of the Agriculture and Horticulture Development Board (AHDB), today claimed that Brexit threatens to reduce UK farm incomes by as much as 50 percent. Speaking on BBC Radio 4’s Today programme, […]
Many of those who voted to leave the EU would have been encouraged to do so by the rallying cry of the leavers: ‘take back control’. It was never quite made clear who would be […]
The Guardian reports that several hundred banks have now contacted German authorities about setting up new European offices there in preparation for Brexit. Morgan Stanley is reportedly the most recent to do so. Read more […]
Costas Pitas for Reuters reports that Toyota received reassurances from the government, similar to those received by Nissan, prior to announcing its latest £240 million investment in its Burnaston plant. An anonymous source reported that Toyota […]
The Guardian reports that the Irish Business and Employers Confederation (Ibec) have asked the Irish government and the EU to support Irish businesses with as much as €1bn in state aid to offset the instability and […]
Two of the largest German industry groups have warned the UK that German industry will not help to secure post-Brexit trade deals. Rather, they stated, their priority will be protecting the single market for the […]
The Financial Times reports that investment in the UK car industry has plummeted since the June 2016 referendum, having fallen to £322m during the first half of 2017, according to industry data compiled by SMMT. Investment during 2016 within […]
Irish authorities reported that they have secured deals with many London-based banks and financial institutions to move some aspects of their operations to Dublin prior to Britain’s exit from the EU. Kieran Donoghue, head of […]
In February 2017, Colin Lawther, senior vice president for manufacturing and purchasing for Nissan UK, gave evidence to the House of Commons International Trade Committee, explaining that the UK leaving the EU without an adequate trade […]
Daniel Boffey for The Guardian reports that carmakers operating in the UK have significantly decreased investment over the last year due to concerns fueled by the uncertainty of what post-Brexit trade looks like for the British […]
Copyright: Corporate Welfare Watch 2017