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Facts about Research & Development:

85% of R&D Claims are from Small and Medium Sized Businesses
HMRC paid out £3.5 billion in 2016-17
The average SME claim was £53,876
75% of SMEs claim over £50,000
The number of claims doubled in 2018 over 2017
Tax credits contribute up to £8.2bn to the UK economy
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R&D Tax Claims By Sector
R&D Tax Claims By Region

R&D Tax Claims

By UK Region, 2018

London

  • 6,560 SMEs
  • SMEs claim £490 million
  • Average SME claim of £74,695

Scotland

  • 1,425 SMEs
  • SMEs claim £75 million
  • Average SME claim of £52,632

North East

  • 1,185 SMEs
  • SMEs claim £55 million
  • Average SME claim of £46,414

North West

  • 3,845 SMEs
  • SMEs claim £490 million
  • Average SME claim of £41,612

East Midlands

  • 2,080 SMEs
  • SMEs claim £100 million
  • Average SME claim of £48,007

West Midlands

  • 2,905 SMEs
  • SMEs claim £110 million
  • Average SME claim of £37,886

East

  • 3,315 SMEs
  • SMEs claim £210 million
  • Average SME claim of £63,348

South East

  • 5,250 SMEs
  • SMEs claim £330 million
  • Average SME claim of £62,857

South West

  • 2,710 SMEs
  • SMEs claim £110 million
  • Average SME claim of £40,590

Wales

  • 1,080 SMEs
  • SMEs claim £50 million
  • Average SME claim of £46,296

Yorkshire

  • 2,275 SMEs
  • SMEs claim £85 million
  • Average SME claim of £37,363
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R&D Tax Claims

By UK Sector, 2018

Manufacturing Sector

  • £390 million in claims
  • 24.48% of SME claims
  • £47,016 average claim value

Construction Sector

  • £55 million in claims
  • 3.36% of SME claims
  • £48,246 average claim
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Since

Over 240,000 claims have been made and £21.4 billion in tax relief claimed.

The UK ranks seventh among OECD and partner economies in terms of total government support to business R&D as a percentage of GDP, equivalent to 0.25% of GDP in 2015.

 

The UK ranks 11th of all EU countries’ R&D expenditure as a percentage of GDP.

 

From 2006-2015, total gov support for BERD as % of GDP increased in the UK by 0.13 percentage points, while the OECD media increased by 0.02.

Man working in construction.
Image of computers on desks in a modern office.

More Facts about R&D Tax Credits

  • From 2006 to 2015, R&D intensity in the UK increased from 0.98% to 1.10%.
  • In 2015, tax incentives accounts for 61% of government support for BERD (Business Enterprise Research and Development) in UK.
  • 18,475 more claims were made in 2016-17 than in 2013-14.
  • The UK is second internationally when compared with the SME share in tax incentive support.
  • Estimates of R&D employment is currently at its highest level yet. Levels in 2006 were 147,000. They were at 210,000 as of 2016.
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