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Rail Industry R&D occurs at all levels, from the rail giants building trains and carriages to SMEs within the supply chain. There is also a wide range of ‘hidden’ R&D that is crucial to keeping the UK railways running and generates innovative new hardware, software and systems which are securing the future of the industry as a feasible public transport and freight service.
Innovation is a well-known buzz word. It is used to describe new ‘things’ everywhere; whether it be for technology, apps, software, an approach to business, a workplace or events. Some would accuse the word of being over-used and having lost its meaning. - What does innovation mean to you?
Research and Development in Civil Engineering can often by overlooked and seen as day-to-day business activity – but the sector is full of innovation, often making the work performed eligible for R&D Tax Credits.
Thinking of creating an R&D Funding plan? If your R&D team are not yet back to ‘business as usual’ or a ‘new normal’, we’re here to give a little inspiration for how they could spend the downtime, to positively affect your R&D funding strategy in the future.
We understand that making your first R&D Tax claim can be like navigating uncharted waters. To make the process as easy as possible, here are our 5 top tips for making your first R&D Tax Credit claim.
Many technology-based start-up businesses are innovative by their very nature. During the first few years of a running a start-up business, claiming R&D Tax Relief may be far from the top of your priorities. However, making a claim could return a significant amount of much-needed cash to your business.
HMRC statistics indicate that 3,375 companies in the Materials Manufacturing and Fabrications industries made R&D Tax Credit claims worth over £185m for the 2017-2018 financial year. As of 2018, there were over 42,600 companies in the materials and fabrication sector, of which, only 8% applied for R&D Tax Relief.
TBAT Innovation Ltd are proud to be part of The RAPID Challenge for 2020. Joining Founding Partner – Prodrive, TBAT are this year's Lead Partner, offering their expertise in funding innovation through UK & EU Grant Funding and R&D Tax Relief.
Register your interest with us, if you'd like our help applying for the £175k Innovation Support Grants that Innovate UK are due to offer to 'new customers', in light of the COVID-19 pandemic.
Innovate UK have paused the next round of their Smart Grants 'open' competition. Find out more in this blog post.
Assists organisations in accessing research and development grant funding across a range of UK and EU schemes and industry sectors.
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