There is a generous incentive called R&D Tax Credit that supports innovative UK companies to claim back up to a third of costs spent on developing new products, or processes or services.
For qualifying Small and Medium Enterprises (SMEs), it could bring in a lot of money at a time when cash is desperately needed by many businesses, due to Covid-19 disruptions.
The incentives are relevant to profit or loss making UK companies. In 2017-18, the average SME claim value was around £55,000. And at last, the word is getting out as the number of SMEs claiming R&D tax credit is rising steeply each year. In 2016-17, £3.7 billion was claimed by around 45,000 SMEs, an increase of 22% from 2015-16.
This free webinar will give you all the information you need, from who can claim to how to do it. Learn how your business can get back up to a third of development costs you’ve already spent and fund up to a third of your future development costs.