Tax relief scheme that can return cash to loss-making EdTech companies developing new technology. Most AI, data science, platform-engineering and significant UX innovation qualifies.
Provider
HMRC
Provider type
UK government tax relief
Category
UK non-dilutive (tax relief, not grant)
Amount
SME scheme: up to 27p back per pound of qualifying R&D spend (cash refund if loss-making). Merged RDEC scheme for larger companies. Rates changed from April 2024.
Deadline
Claim within 2 years of end of accounting period
Eligibility
UK companies undertaking qualifying R&D - defined as seeking an advance in science or technology involving uncertainty that a competent professional couldn't readily resolve.