What is an SME scheme?

Whether your business is making a profit or operating at a loss, the UK government encourages research and development, as they contribute to economic growth, technological advancement and progression in regards to efficiency and sustainability across various industries.

To encourage this, the British government offers R&D tax credits as a tax relief to SMEs (small and medium sized enterprises) that invest in research and development activities. Meaning these tax credits offer businesses the opportunity to harness innovative thinking without being held back by a prospective financial burden. 

Learn more about the SME scheme.