Government Grants & Rebates

Research and Development (R&D) is crucial to businesses looking to innovate and remain competitive in today's fast-paced environment. Investing in R&D can often be financially challenging, but the UK Government offers R&D Tax Credits as a relief to businesses. At our firm, we specialize in helping businesses in the UK claim R&D tax credits. In this article, we will provide a comprehensive overview of R&D tax credits, including the industries that can claim, what can be claimed, and the average claim value.

What are R&D Tax Credits?

R&D Tax Credits are an incentive offered by the UK Government designed to encourage innovation and investment in research and development activities. They are available to businesses that invest in R&D, allowing them to claim relief on a portion of the company's expenditure related to R&D activities. This reduction in a company's tax bill or provision of a cash payment supports their R&D efforts.

What Activities Qualify for R&D Tax Credits?

R&D tax credits are available for businesses operating across various industries, not just science or technology. Eligible activities include developing new products or services, enhancing existing products or services, or improving manufacturing processes. Any UK company that is carrying out R&D in science or technology can claim R&D tax credits.

Which Industries Can Claim R&D Tax Credits?

R&D tax credits are available to businesses operating in a wide range of industries, including but not limited to, manufacturing, software development, engineering, life sciences, and construction. Essentially, any company that invests in R&D in science or technology can claim R&D tax credits.

What Can Be Claimed?

The types of expenses that can be claimed for R&D tax credits vary depending on the type of R&D activity being carried out. Businesses can claim for expenses related to staff costs, subcontractor costs, materials, and consumables used in the R&D process. They can also claim for certain costs associated with the development of software or the creation of prototypes.

Average Claim Value

The average value of an R&D tax credit claim varies, depending on the nature and scope of the R&D activities. On average, SMEs (small to medium-sized enterprises) can expect to claim around £50,000, while larger companies can claim significantly more. The value of the claim is dependent on the type of R&D activity, the level of expenditure, and the size of the company.

How Can We Help?

At our firm, we provide a full range of R&D tax credit services. We offer a free consultation to assess whether a business is eligible for R&D tax credits and to determine the potential value of the credit. We then work with businesses to identify all eligible expenses, prepare and submit their R&D tax credit claim, and liaise with HMRC on their behalf. Our fees are based on a percentage of the credit claimed, so businesses only pay when they receive the credit.


R&D Tax Credits offer a valuable incentive for businesses investing in innovation and development. At our firm, we specialize in helping UK businesses claim R&D tax credits. We have extensive experience working with businesses across a broad range of industries, helping them identify eligible expenses and successfully claiming the credits they are entitled to. If you're interested in finding out more about R&D tax credits and how we can help your business access these valuable incentives, please contact us today to schedule a consultation.

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