Jumpstart, the Edinburgh-based research and development (R&D) tax specialist, is set to expand into new international markets after being snapped up by a French listed digital group.

Chemical companies are one of the traditional R&D companies, advancing science on a regular basis.

Jumpstart, the Edinburgh-headquartered research and development (R&D) tax credit specialist, has bolstered its presence south of the Border after signing a partnership deal to support Lancashire’s digital economy.

R&D tax relief exists to support companies attempting to move their industry forward, achieving an advance in a field of science or technology through the resolution of scientific or technological uncertainties.

The 2018 Budget demonstrates the government’s commitment to Research and Development (‘R&D’) funding, which it recognises as being a key driver of economic growth, but also introduces measures to crackdown on R&D tax relief fraud.

New HMRC statistics show an increase of 688% in the amount of R&D tax relief savings being claimed by West Midlands companies over the last seven years.

Newly released HMRC statistics show an increase of 714% in the amount of R&D (research and development) tax relief savings being claimed by Welsh companies over the last seven years, the second highest level of growth across the UK.

esearch and development tax relief savings claimed by Scottish companies have risen by 375 per cent over the last seven years.

New statistics show that manufacturing companies are falling behind their counterparts in the information and communication sector in making R&D tax relief claims.