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Insider.co.uk: Scottish firms urged to capitalise on tax relief for innovation

Date: May 24, 2018

Nearly three quarters of firms in Scotland have developed new products or business processes in the last two years. At Spire Global in Glasgow, manufacturing operations manager Daniel Bryce works on a satellite. Glasgow now builds more satellites than any city outside the United States.

Scottish firms investing in research and development are missing out on lucrative tax breaks, according to new research.

More than seven in ten Scottish companies (73 per cent) can been classified as ‘innovative’ – because they have developed new products or business processes in the last two years – and could qualify for valuable research and development (R&D) tax relief.

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