- 16th November 2018
- Posted by: Edward Kirkby
- Category: Enterprise Investment Scheme
In order to be classified as a knowledge intensive company, the business must be putting a high enough percentage of its operating costs into research and development, plus meet either one or both of the innovation and skilled labour conditions.
The innovation condition states that the company must be creating and using intellectual property as a significant part of the business.
Skilled Labour Condition
The skilled labour condition requires that at least 20% of employees hold higher education qualifications and are directly involved in research and development.
The following flowchart can help you establish whether or not your company could be classified as a knowledge intensive company.