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Where is the lion's share of R&D tax credit and relief going?

10 May 19

In April 2019 HMRC updated Research and Development tax relief/credit tables showing statistics for claims in 2016-17. Find out what sectors and regions got the greatest share of SME R&D tax credit and relief. 

We've compiled the tables for Small and Medium Enterprise (SME) Research & Development tax credit claims to give you a quick view of where the funding is going.

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Here are a few key stats for SME R&D tax credit claims:

  • Based on head office locations London based Small and Medium Enterprises (SMEs) made most claims - 6,545, followed by the South East region at 5,245 and North West at 3,840.
  • The amount of funding going to London was also greatest at £485m, followed by the SE at £330m and the North West at £160m.
  • The largest share per industry sector, per region also went to London - £200m for the Information & Communication sector, followed by £120m for the Professional, Scientific & Technical sector.
  • The Manufacturing sector had the second highest number of claims at 8,270 and the third highest value at £390m with the West Midlands and South East regions sharing the greatest number of manufacturing sector claims at 1,070 each. 

See or download my table showing data for all regions and sectors as a PDF file

Link to HMRC tables (this data is from - Research and Development Tax Credits: Supplementary breakdowns by region and sector 2016-17): https://www.gov.uk/government/statistics/corporate-tax-research-and-development-tax-credit

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Are you ready to find out if you qualify or how much your R&D claims could be worth?

 

Contact Us Today

For more information or to contact us - call us on 0771 9439 229 - or send us a message

CONTACT US TODAY:

For more information on claiming R&D tax credits or our business advice and support services call us on 0771 9439 229

Or send us a message

PO Box 53448,
London,
SE18 9DE

ACCREDITATIONS & OWNERSHIP

Our consultants are members of London Group Business Advisors and Home Counties Business Advisors.

Linda Eziquiel is a Fellow of the Institute for Independent Business and a Principal Consultant at RandDTax (specialists in Research and Development tax credits) – UK co. reg. no. 08160439.

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