Home » News » New Industry and Science Minister Ed Husic Meets with Tech Sector Leaders Ahead of September Jobs and Skills Summit

New Industry and Science Minister Ed Husic Meets with Tech Sector Leaders Ahead of September Jobs and Skills Summit

August 22nd, 2022

StartupDaily has reported that over the past week, the new Minister for Industry and Science, Ed Husic, has held discussions with industry leaders covering themes including:
  • Science and commercialisation (August 17)
  • Digital and tech skills (August 17)
  • Advanced manufacturing (August 18)
  • Artificial intelligence (August 19).
The discussions come ahead of the new Government’s planned Jobs and Skills Summit to be held by stakeholders in September.
Before the election, the new Industry Minister made some encouraging comments about the R&D Tax Incentive, including:
    • Acknowledging the importance of the R&D Tax Incentive to tech sector funding by calling for potential early payments;
    • Pushing back on the previous Government’s controversial proposed cuts to the R&D Tax Incentive, which were later replaced with subsequent more favorable changes supported by both parties;
    • Indicating he would look at making the R&D Tax Incentive program more friendly to software-based start-ups;
Since their election victory, little has been said about the R&D Tax Incentive by the new Government. We’re hoping that no news is good news (and no potential adverse changes), since, after a tumultuous decade, those involved with the programme are ‘change fatigued’.
 
It is hoped that Ed’s liaison with industry leaders will continue to affirm to the Government how important the R&D Tax Incentive is to industry, and that ensuring its strength and stability must be a priority.
 
Visit our news page for more recent R&D Tax Incentive developments, or get in touch with our office if you would like to speak to someone about a potential  R&D claim.

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