UK Tax Credits and Grants
Can You Claim?
Tax credits and grants in the UK are essential tools that can help businesses grow, innovate, and reduce their tax liabilities. These government incentives are designed to support various business activities, from research and development (R&D) to investment in new technologies and apprenticeships. Below is a breakdown of some of the key schemes that may benefit your business.
Your business may be eligible for various grants. Below, we've gathered insights from experienced tax credit consultants to help you explore which grants might be available for your company!
About R&D:
Research and Development (R&D) refers to activities undertaken by businesses to
innovate, improve existing products or services, or create new ones. In the UK, the
government offers R&D relief or credits to encourage companies to invest in innovation.
This tax relief allows businesses to reduce their tax liabilities or receive cash rebates for
eligible R&D activities.
R&D can cover a wide range of projects, from improving production processes to
developing new technologies.Who Qualifies?
Scientific or technological advancement – The project must aim to create new
knowledge or improve existing processes, products, or services through
innovation
Uncertainty Resolution – The project should seek to resolve scientific or technical
uncertainties that cannot easily be solved by experts in the field
Systematic investigation – The work must be conducted in a planned and
methodical manner, involving testing, trials, and analysis to overcome the
identified uncertaintiesWhich Industries can claim?
Manufacturing
Pharmaceuticals
Biotechnology
Information Technology
Software development
Engineering
Construction
Aerospace & Defense
Automotive
Energy & Utilities
Agriculture & Farming
Food & Beverage
Telecommunications
Medical Devices & Healthcare
Chemicals & Materials
Architecture
Media
Robotics & Automation
Textiles & Fashion
Marine & Shipbuilding
Renewable Energy & SustainabilityAbout Energy
In response to the substantial energy cost pressures exacerbated by COVID-19 and its
aftermath, the UK government introduced a range of tax initiatives aimed at helping
energy-intensive businesses mitigate rising costs. These measures were designed to
support industries heavily reliant on energy consumption, ensuring they could remain
competitive and continue operating within the UK. By offering tax relief and financial
incentives, the government sought to ease the burden on businesses, promoting both
economic stability and the retention of vital industries in th