The following piece was originally published in BQLive Magazine

Over the last several years in the UK, the research and development (R&D) tax credit programme has gained popularity and the number of claim submissions continues to increase year on year.

The programme is specifically designed for high-growth small and medium-sized companies, as well as those who have incurred significant costs by investing heavily in developing new, or significantly improving existing, technology, techniques, formulas, software, and services.

The programme was developed to encourage greater R&D spending, with the goal of increasing innovation within the economy. You can read this piece in its entirety on