Chronicle Live: Durham named as one of the most innovative cities in the UK

Date: February 28, 2018

Durham has been crowned one of the UK’s most innovative cities, according to research by tax relief firm Catax.

The city made 150 claims for research and development (R&D) tax credits in a year, with the claims worth £10m, putting it in the top 10 nationally for research.

Businesses which spend time and money developing a new product, business process or service could potentially claim tax relief for R&D, with the average claim around £44,000.

It is thought many businesses do not claim for the relief, generally because of misconceptions on how the scheme works.

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