Source HMRC Patent Box 2025
28% were classified as ‘Large’, but these companies accounted for most of the relief claimed (95%).
70% of the companies were in the Manufacturing and Professional, Scientific and Technical sectors.
An estimated 41% of the total amount of relief provided was to the Manufacturing sector.
The number of companies electing in to Patent Box varies significantly across UK regions, with the highest number in London and East England (21%) and the lowest, for which data is available, in the North East (2%). There is also significant regional variation in the value of relief claimed; companies in London and East England claimed the largest amount of relief (65%).
*SMEs defined as micro, small and medium by HMRC
The statistics published here for 2023-24 will be updated based on a complete set of data in the next annual release (Autumn 2026). The projections have been made based on the amount of claims that have been made so far, and the previous’ years data of the amount of claims that are usually made later on.
