The UK has an extensive research infrastructure with strong industry links. If you're an ambitious, innovative company that wants to expand in the UK market, you can benefit from incentives and tax reliefs. You can access funding in the form of grants and loans and connect with powerful knowledge transfer networks to develop your product.
You can claim corporation tax relief if you're working on an innovative project in science or technology that meets the UK government’s definition of research and development (R&D).
The two main types of R&D tax reliefs:
These are special areas in the UK where different economic regulations apply and you can access planning, infrastructure and innovation support from the UK government. Setting up your business in a freeport can save you time and money through a range of customs and tax benefits, including:
The UK is one of several countries with a patent box scheme – designed to encourage companies to keep and commercialise intellectual property in the UK. The scheme allows for 10% corporation tax on profits from patented inventions and some other types of intellectual property.
UKRI is the national agency for investment in science and research, offering funding through seven research councils and Innovate UK, the national innovation agency. Innovate UK helps businesses through funding, networking and practical support.
Find out more about the research and innovation funding landscape on the UKRI website
Innovate UK provides funding through:
