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Durham one of the most innovative cities in the UK

Durham City cathedral from river Wear

10:16am 24th February 2018

According to the latest research, Durham is one of the UK's most innovative cities.

From 2015/16, the city claimed 10 million pounds for research and development, according to specialist tax relief firm Catax.

Examples of successful R&D claims at Catax include the design and development of new terror alert bollards.

However, previous research shows 44% of businesses believe that R&D relief is restricted to companies in the science and technology sectors.

Catax CEO, Mark Tighe, commented:

"Whilst it is true that more businesses are claiming the R&D tax relief that is rightfully theirs, far too many SMEs still don't realise that they qualify.

"There needs to be more education among small businesses over what actually counts as R&D. Most don't realise it's not just a new scientific formula or a jet engine but a piece of software, an manufacturing process or even a new innovative restaurant dish.

"The typical £44,000 claim is a significant amount of money and firms need to be asking themselves whether they can afford not to check if they could benefit.''loss.

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