• Drug discovery and development
• Academia & technology/knowledge transfer
• Facilities and Services
• Grants and Finance
  • Public money markets
  • Venture capital
  • Grants and funds
  • R & D tax credit scheme
• Other Contacts and Services

R&D Tax Credit Scheme

A welcome financial boost for life science companies in London (and the UK) is the R&D tax credit scheme. The scheme works by allowing companies to deduct up to 150% of qualifying expenditure on R&D activities when calculating their profit for tax purposes. Companies that are SMEs can, in certain circumstances, surrender this tax relief to claim payable tax credits in cash from HM Revenue & Customs.

For details on R&D Tax Credits go to:

• HM Revenue & Customs: Research & development tax credits
• Business Link: Practical advice for business