Biotech & Life Sciences R&D Tax Credits
The UK’s life sciences sector is Europe’s top hub for life science startup funding. Focusing on the multifaceted, scientific research of living organisms, life science includes biotech, pharmaceuticals, medical technology, digital health and more.
Under high demand within the last few years for the development of vaccines, life sciences innovations can also include new formulations, biological screening, compounds, species, strands, reagents etc.
R&D tax credits can offer the life sciences industry an additional tax deduction of up to 130% (SME example) off all qualifying innovation spend (changing to 86% on all expenditure on or after the 1st April 2023 (View R&D tax credit changes)).