South East England Development Agency (SEEDA)

Research and Development Tax Credits

Research and development (R&D) tax credits are a company tax relief which can either reduce a company's tax bill or, for some small or medium sized companies, provide a cash sum.

The aim of the tax credits is to encourage greater R&D spending in order to promote investment in innovation. Between April 2000 and April 2005 around 17,000 claims for R&D tax credits were made with around £1.3bn of support claimed.

For further information please click on the links below;

• www.dti.gov.uk/randd.
• www.hmrc.gov.uk/randd.
• www.hmrc.gov.uk/randd.
• www.businesslink.gov.uk.
• www.hmrc.gov.uk/randd.