R&D tax relief · 2024-25

Wales

One of the 12 UK regions

Relief claimed

£130m

11th of 12 +£5m from 2023-24

Claims

1,205

10th of 12 −295 from 2023-24

R&D expenditure

£810m

11th of 12 +£70m 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.