Wyld Networks receives SEK 4.3 million payment from UK Government for Research and Development (R&D)
Wyld Networks has received a cash payment of approximately SEK 4.3 million from UK Government for R&D activities. Research and development (R&D) tax credits are a UK government annual incentive designed to reward companies for investing in innovation.“We have invested significantly in R&D in our innovative satellite IoT solution,” said CFO of Wyld Networks, Christopher J. Caswell FCA. “This payment relates to our R&D activities in 2021 and we will submit our application this year to claim back up to 33% of the costs of our 2022 R&D activities.” For further information, please contact: