Today we’re pleased to announce details of a new three-part feature exploring R&D Tax Credits, in association with Jumpstart.
Introduced by the UK Government in 2000, the R&D Tax Credits scheme is designed to encourage innovation and global competitiveness by allowing companies to reclaim some of the money invested in qualifying research and development.
The average annual claim for an SME claimant across the UK is over £46,000, so the scheme can be a valuable source of funding for many businesses, particularly given the importance of innovation within the creative sector.
We will be taking a thorough look at the scheme – which is available to all SMEs with a headcount not exceeding 500 – next week.
In Part One on Monday July 4th, we’ll be speaking to organisations who have successfully claimed R&D and innovation tax credits and how this has helped them to grow their businesses further.
In Part Two on Thursday July 7th, we’ll be looking at the broader picture across the North and the UK as a whole, comparing uptake rates and the types of activities which have proven most successful to date in terms of claims.
And then later in the year, on Wednesday October 19th, we will hold a roundtable breakfast where the issues around R&D and innovation will be further explored.