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Key Statistics
85,900
R&D Tax Credit claims 2019-2020
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64% of claims for 2019-2020 were in ‘Manufacturing’, ‘Professional, Scientific and Technical’, ‘Information and Communication’
22% increase in SME claims
£47.5bn is spent on R&D activity in 2020
11% increase in RDEC claims
Key Statistics 2020
Keep reading if you want to find out how the R&D Tax Credits incentive supports businesses!
The R&D Tax Credits incentive has grown year on year as a tool to support innovative companies with their growth, and to maintain their competitive status on the market.
With the new Innovation Strategy that was launched on 22nd of July 2021, we can only expect for the incentive to grow and for businesses to grow with it.
Food for thought! Take a look at 2020 statistics and just imagine how this incentive can accelerate your companies growth!
