In 2016-17 there were a mere 65 claims totalling £5M through the SME scheme supporting Power & Air Conditioning businesses. In addition to these, there were 25 claims totalling less than £5M through the RDEC (Large Company) scheme. There were also a further 10 claims totalling less than £5M£ from SMEs claiming thorough the RDEC scheme*.
* SMEs may claim through the RDEC scheme where they have projects / activities which are not eligible for the SME scheme. This may include (but is not limited to) R&D subcontract work for large businesses, and projects / activities which are the recipient of certain types of grant funding.
Typical projects supporting Power & Air Conditioning businesses may include the design and development of new power systems, storage mechanisms, distribution processes and technical processes to make operations more productive.
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