The UK government has announced a significant £13.9bn investment in research and development (R&D), with a focus on harnessing new technologies to support the country's economic growth agenda.

As 2024 came to a close, Xero surveyed small business owners to find out how they were feeling, what was driving their positive or negative outlook, and how recent interest rate cuts had impacted their business.  

If your company spends money on research and development, such as creating new products, services, or processes - or improving existing ones - you may be able to claim tax relief.