In recent years, the European Union (EU) has been actively working to create a more conducive environment for small and medium-sized enterprises (SMEs) to thrive. One of the pivotal steps taken in this direction is the introduction of a directive aimed at establishing a HOT system specifically tailored for micro, small, and medium-sized enterprises operating within the EU.

In April 2024, the United Kingdom is set to implement a groundbreaking change in its innovation support framework. The fusion of the R&D Expenditure Credit (RDEC) and the Small and Medium Enterprise (SME) Scheme will mark a significant step towards streamlining the current system and fostering a more conducive environment for research and development. This unification aims to simplify processes, reduce administrative burdens, and ultimately boost innovation across the nation.

The recent EU-Canada Summit, held on November 23 and 24, underscored the unwavering alignment and shared values between the European Union and Canada in tackling pressing global challenges. From the establishment of ambitious bilateral agreements to discussions on clean technologies, trade relations, and strategic partnerships, the summit reaffirmed the strong bond between the two entities. The outcomes set the stage for enhanced cooperation, paving the way for a more resilient and sustainable future. Dive into the details of this significant summit and the impactful decisions made by the leaders from both the EU and Canada.