The Enhanced R&D Intensive Support (ERIS) scheme is aimed at loss-making SMEs investing heavily in R&D, and it usually offers a more generous tax benefit – although there can be some exceptions.

Who qualifies for the ERIS scheme?

SMEs can qualify for the scheme if they:

• are loss making before the additional R&D deduction is applied,
• spent at least 30% of their total relevant expenditure on R&D.

Like the merged R&D scheme, the ERIS scheme only applies to accounting periods beginning on or after 1 April 2024.