​

  ​ ​ ​

3 months ended June 30,

  ​ ​ ​

6 months ended June 30,

​

​

2026

  ​ ​ ​

2025

​

2026

  ​ ​ ​

2025

​

​

£ 000

​

£ 000

​

£ 000

​

£ 000

Government grants

1,616

1,197

3,930

2,652

R&D Expenditure Credit (“RDEC”)

​

5,053

​

—

​

9,381

​

(7,553)

Commercial settlements and other operating expenses

​

(3,777)

​

—

​

(3,777)

​

6

​

2,892

1,197

9,534

(4,895)