Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what support his Department can provide to UK-based, French-owned companies who no longer benefit from French research and development tax credits for UK-based work.

Firms within the charge to UK corporation tax, which undertake qualifying R&D, may be able to claim R&D tax reliefs via the Research and Development Expenditure Credit (RDEC) or the Small and medium sized enterprises (SME) R&D Relief.

Combined, these reliefs provided £5.1 billion of support to nearly 60,000 businesses in 2017-18.