The number of claims for R&D tax credits has also jumped from 1,790 to 3,055, an increase of 71%, but construction still only represents 6% of all claims across the scheme.
Tom Verner, managing director of Momentum Group, a consultancy specialising in R&D tax credits, said: 鈥淭hese new figures for the construction industry are very welcome and reflect increased innovation specifically in areas such as the reduction of firms鈥� carbon footprint.
鈥淗owever, the industry still only represents 6% of claims across the scheme and we believe there are still a great many innovative construction companies missing out on potentially tens of thousands of pounds in R&D tax credits.鈥�
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