Wendy Smith, business development manager for Jumpstart in the West Midlands, talks to BQ about research and development (R&D), oiling the Midlands engine and why industry is still missing out on millions of pounds of R&D tax relief.
How has the appetite for R&D tax relief changed in recent years?
We are seeing a major increase on the ground, with a lot more companies now considering whether they are eligible or not and looking for someone to guide them through the intricate web R&D tax relief can be.
This is what our 13 technical analysts, who work across the UK, are telling us every day and this is backed up by figures from HM Revenue and Customs (HMRC). The most recent data (for the year ending March 2016) shows an overall rise in the number of claims (26,255) and the benefit realised by companies (£2.9bn). These are up 19% and 20% respectively.
Article originally published on BQLive
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