Category: flagship
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Innovate UK pauses flagship grants scheme for SMEs amid major review
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Innovate UK temporarily suspended the Grants Smart-25 million pounds annually-to fix how to support SMES. The pause of temporary suspension aims to address excessive subscription issues, as success rates are less than 10 percent for applicants, and perhaps low up to 2 percent according to some. Under the current plan,…
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£4bn lost to fraud and error on flagship HMRC ‘innovation’ scheme
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A government scheme designed to boost innovation and boost the economy has lost more than £4 billion to fraud and error since 2020, due to widespread breaches. The R&D tax credit scheme, which aims to drive world-leading innovation, has been dogged by dubious claims and has turned into what experts…
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Woodside Energy raises cost estimate for flagship Scarborough gas project (NYSE:WDS)
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AlexLMX/iStock via Getty Images Woodside Energy (New York:WDS) early tuesday Raise the estimated cost Shell has announced an increase in its share of development costs for its Scarborough natural gas project by US$500 million to US$12.5 billion, taking the company’s share of development costs to US$8.2 billion, with the increase…
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Stocks held by ARK Invest’s flagship innovation fund have seen huge losses. Here are the fund’s 10 biggest losers.
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Photo by Marco Bello/Getty Images Ark Invest’s leading ETFs are experiencing huge losses, with individual holdings falling by as much as 93%. The fund’s performance has significantly underperformed the broader stock market, and only one of its top 10 holdings is in the green. These are the top 10 losing…