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R&D tax relief on funded projects

Innovate UK provides Government funding of between £25,000 and £10 million to support businesses developing innovative products and services.  Companies receiving this funding can also benefit from R&D tax relief, typically funding a further 11% of their development costs.  This applies to companies that have claimed funding through open competitions and Knowledge Transfer Partnerships. 

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Innovate UK prioritises funding to UK businesses that are carrying out proof of concept studies and R&D in the following areas:

  • emerging technologies including biofilms, energy efficient computing, energy harvesting, graphene and new imaging technologies

  • accelerated support for non-animal technologies, quantum technologies and synthetic biology

  • enabling technologies including cyber security, data, earth observation, electronics, sensors and photonics, Internet of Things, robotics and autonomous systems

  • precision medicine

  • advanced therapies including cell, gene and others

  • preclinical technologies

  • improving agriculture productivity

  • developing centres for agricultural innovation

  • enhanced food quality

  • biosciences

  • energy – systems and supply

  • transport systems

  • urban living

  • smart and resilient infrastructure

  • digital technologies for manufacturing and materials

  • manufacturing readiness at scale

  • early stage manufacturing and materials concepts

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