R&D tax relief · 2024-25

South West (England)

One of the 12 UK regions

Relief claimed

£350m

8th of 12 −£45m from 2023-24

Claims

3,040

5th of 12 −595 from 2023-24

R&D expenditure

£2,135m

8th of 12 −£230m from 2023-24

Ranks are among the 12 UK regions. Changes are from 2023-24 and span the April 2024 scheme change: 2024-25 mixes claims under the old and new rules.