Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, pursuant to the Answer of 13 November 2017 to Question 111380, on small businesses: technology, what recent representations he has received from business organisations on the use of research development tax credits and the effectiveness of those tax credits in supporting business growth and job creation.

The government regularly receives representations from a wide variety of businesses and business groups on Research and Development (R&D) tax credits. In particular, the government engaged with many organisations to inform the recent review of the R&D tax environment. At Spring Budget 2017, the government announced that this review had found R&D tax credits to be an effective and internationally competitive element of the government's support for innovative businesses.