Total number of claims in year 26,255 – up 19% on previous year.
Total number of SME claims in year – 21,865. Up from 17,875 in previous year. A 22% increase.
Total cost of all R&D claims in year – £2.9 billion. £1.3 Billion going to SMEs
£16.5 Billion paid out since the start of R&D Tax Credits in 2000 -2001 from a total of 170,000 claims.
Terry Toms, Managing Director