Monday 01st September 2014

Returning confidence boosts interest in R & D

Claims for R & D tax relief by SMEs in the region have risen sharply in the past year reflecting improved confidence and a wider take-up of the credits by firms from sectors beyond manufacturing and tech such as food and construction.

Government figures show the number of claims for R & D tax relief in the East of England region rose by more than 26 per cent in 2012-13 compared to the previous year. In total, there were 1,305 claims for R&D tax credits by SMEs in the region worth £75m in relief in 2012-13.

This was up from 1,035 claims in 2011-12 worth £58m in tax relief. Large companies...

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Brighter economic prospects in Cambs

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