Edinburgh Tops Scotland’s Innovation League Table
Edinburgh has come out top amongst Scotland’s 32 local authorities in securing R&D tax relief claims, according to a new table released today by ABGI UK.
21 April 2020
A total of 475 successful claims for R&D tax relief were made by Edinburgh companies in the latest 2017-18 figures released today by HMRC.
ABGI UK’s annual Innovation League Table for Scotland shows that 2.2% of enterprises in the city made a claim in that period.
Glasgow came out second highest with 1.87% of its companies making an R&D tax relief claim while Dundee was third with 1.85% of firms claiming.
Aberdeen, which topped last year’s table, fell to fourth spot with just 1.43% of companies submitting a claim (down from 2.6%).
Edinburgh was the only Scottish local authority area to appear on a Top 20 Innovation League Table also issued by ABGI UK today.
Somerset topped the UK list with 4.3% of its businesses successfully securing a claim for R&D tax relief.
Bournemouth, Christchurch and Poole was second on the table with 4.06% of its businesses claiming relief. Edinburgh ranked 19th.
The latest updated HMRC figures show that Scottish companies secured a total of 2,210 R&D tax relief claims in the 2017-18 period. A total of £175m in tax relief was claimed on the back of nearly £1.2bn worth of innovation-focused investment made by Scottish companies.
Article originally published on Scottish Financial News
